On 11 November 2021, the Australian Taxation Office (ATO) amended its practical compliance guideline on simplified transfer pricing record-keeping options to provide maximum and minimum interest rates for low-level inbound and outbound loans for 2022.
For low-level inbound loans, interest rates must be no more than 1.83% in the 2022 income year. For low-level outbound loans, the interest rate must be no less than 1.83%.
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