Day 1 @ 15:30

Transfer Pricing, Pillar Two & CBC: What Every Tax Agent Needs to Know Before It’s Too Late

Transfer pricing isn't just for big multinationals. If your client has an overseas parent, subsidiary, related supplier or shareholder loan, you may already have a transfer pricing obligation sitting in your client base. This practical session covers what triggers an International Dealings Schedule (IDS), the $2 million threshold and other lodgement requirements, and the ATO's simplified record keeping options for smaller taxpayers. It also covers the steps that protect your practice: what to ask at year end, how to document that you raised the issue, how to protect yourself when a client chooses not to act, and how to recognise when a client needs the bigger conversation about global group reporting.

Key takeaways

• How to identify international related party dealings in your client base
• When an IDS is required, and the common errors that draw ATO attention
• Whether simplified TP record keeping can be used, and when it can't
• Engagement letter wording and file notes that protect you when clients decline advice
• The red flags that point to Significant Global Entity, CbC and Pillar Two obligations

Shannon Smit, Director and Transfer Pricing Specialist, Transfer Pricing Solutions

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Shannon Smit / Transfer Pricing, Pillar Two & CBC: What Every Tax Agent Needs to Know Before It’s Too Late

Shannon Smit, Director and Transfer Pricing Specialist,
Transfer Pricing Solutions

Shannon Smit is the Founder and Director of Transfer Pricing Solutions Australia, which she established in 2007 to provide practical, specialist transfer pricing advice to businesses and their accountants. Before founding the firm, Shannon spent 11 years with EY, working in...

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