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Australian Taxation Office issues second draft of compliance guidelines on intangibles arrangements

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Australia

  • The Australian Taxation Office has issued a second draft of "Practical Compliance Guideline PCG 2023/D2: Intangibles arrangements," which outlines the Australian Taxation Office's compliance approach in respect of intangibles arrangements.
  • PCG 2023/D2 includes a point-scoring system that assigns an overall risk rating to taxpayers' arrangements.
  • The risk-assessment framework focuses on the migration…

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