Thursday, 11 October 2012

Inspector-General of Taxation announces review of transfer pricing in 2012-13

The Inspector-General of Taxation (IGT), Mr. Ali Noroozi, today announced his new work program for 2012-13 and beyond, which includes the review of the Australian Taxation Office's (ATO's) management of transfer pricing matters. The IGT, established in 2003, is an independent statutory office to review systemic tax administration issues and to report to the Government with recommendations for improving tax administration for the benefit of all taxpayers.
The IGT's new work program is the result of a consultation process with a number of relevant stakeholders including taxpayers, tax practitioners, professional bodies, industry associations and tax academics to identify concerns and improvement opportunities.
Source: PKN