This question seeks information to assess transfer pricing risks arising from rent or leasing arrangements between Australian taxpayers and international related parties. We seek to determine the level of these transactions between Australian taxpayers and their international related parties and identify the pricing methodology used in relation to these arrangements.
Rent and lease or leasing have their ordinary meaning and will include hiring of chattels.
The dollar amounts or values asked for this question are all based on your accounting records.
If you had international related party dealings involving rent or leasing during 2020–21, answer Yes at A item 7 and complete the required fields.
At C, write the total amount of rent and leasing charges or fees incurred by you in your dealings with international related parties.
At D, write the total amount of rent and leasing income you earned or derived from your dealings with international related parties.
At E, write the Appendix 5 code for principal arm's length pricing method used to set or review consideration for the rent and leasing arrangements with international related parties.
At F, write the Appendix 9 code for the percentage of your international related party dealings involving rent or leasing for which you have documentation.
Percentage of dealings with documentation refers to the aggregate dollar amount of transactions reported at this question for which you have relevant documentation expressed as a percentage of total dollar value of transactions reported at this question. If you applied one of the simplified record-keeping options in PCG 2017/2 Simplified transfer pricing record keeping options for these dealings, write code 7 at F.