Meet your compliance obligations
Review your transfer pricing position annually before lodging your tax return and keep records of this.
Comply with your reporting and lodgment obligations, such as disclosing:
- loan balances and interest expenses in the International Dealings Schedule with your annual tax return
- interest paid to non-residents in the PAYG withholding from interest, dividend and royalty payments paid to non-residents – annual report
Ensure you meet your interest withholding tax obligations including remitting interest withholding tax as interest is paid, credited or capitalised to the loan.
Do your research
Monitor developments in the law and public advice and guidance to ensure your ongoing tax compliance.
For more information on your tax obligations if you buy, sell, rent, invest property or land including income tax, CGT and GST, see Property guide.
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Other tax considerations
Other potential tax considerations with your related-party funding arrangement include the:
- characterisation of the funding as debt or equity for tax purposes
- deductibility of interest under section 8-1 and TOFA
- thin capitalisation rules
- hybrid mismatch rules
- Division 7A loans and Debt deduction creation rules and Division 7A.