• International dealings schedule

    Attention

    Warning:

    This information may not apply to the current year. Check the content carefully to ensure it is applicable to your circumstances.

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    You must complete and lodge an International Dealings Schedule (IDS) with your annual income tax return if you have more than $2 million of related-party dealings. Under self-assessment, you must disclose the value of those transactions and answer questions about the nature of the transactions, the pricing methodology selected and the level of dealings, and keep sufficient documentation.

    If you are eligible to apply a simplified record-keeping option then at the relevant labels on the IDS you would include code 7 at the percentage of documentation label code. This confirms that you have assessed your situation as complying with the transfer pricing rules and advised us that a simplification option has been applied to your record keeping.

    This code is not available for the 2014 year. If you are contacted and you have applied one of the options you will need to notify the compliance officer of your eligibility.

      Last modified: 07 Jan 2016QC 43562