Australian and Japanese tax authorities agree on new streamlined APA process for certain cases

Tax Controversy & Dispute Resolution ()

On Monday 10 October 2011 the Australian and Japanese Competent Authorities held a well attended seminar on the bilateral administration of Australia-Japan transfer pricing issues. The seminar, held in Sydney, provided a unique opportunity for Australian taxpayers to hear from the two Competent Authorities in a public forum. Although Japan is the largest source of bilateral APAs for the Australian Tax Office (ATO), it has been a number of years since the Australian and Japanese tax authorities last organised a collaborative public seminar of this nature.