The ATO has released PCG 2017/2 (Simplified transfer pricing record-keeping option).
The practical compliance guideline provides for simplified transfer pricing record-keeping options to minimise the record-keeping requirements for eligible taxpayers.
These include: - a specified maximum interest rate for small
-related party “inbound loans” of 1.83% for the 2021-22 income year.
- a specified minimum interest rate for “outbound loans” of 1.83% for 2021-22 income year.