INCOME TAX ASSESSMENT ACT 1997

CHAPTER 4 - INTERNATIONAL ASPECTS OF INCOME TAX  

PART 4-5 - GENERAL  

Division 815 - Cross-border transfer pricing  

Subdivision 815-B - Arm ' s length principle for cross-border conditions between entities  

Guide to Subdivision 815-B

SECTION 815-101   What this Subdivision is about  


This Subdivision applies if an entity would otherwise get a tax advantage in Australia from cross-border conditions that are inconsistent with the internationally accepted arm ' s length principle.

The entity is treated for income tax and withholding tax purposes as if arm ' s length conditions had operated.


TABLE OF SECTIONS
Operative provisions
815-105 Object
815-110 Operation of Subdivision
815-115 Substitution of arm ' s length conditions
815-120 When an entity gets a transfer pricing benefit
815-125 Meaning of arm ' s length conditions
815-130 Relevance of actual commercial or financial relations
815-135 Guidance
815-140 Modification for thin capitalisation
815-145 Consequential adjustments
815-150 Amendment of assessments


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