The Australian Taxation Office (ATO) has released its Compliance Program for 2011/12. The program sets out the tax compliance risks of most concern to the ATO and the ATO’s strategies identified to address these risks.
As with prior years, the ATO has again highlighted transfer pricing as a key compliance risk over the next 12 months.
Key transfer pricing aspects of the compliance program
Summarised below are the key aspects of the ATO’s 2011/12 Compliance Program which are relevant to transfer pricing: