The Chairman of the Board of Taxation, Mr Chris Jordan AO, today announced that the Board has released a discussion paper and is inviting written submissions to assist in developing its advice to the Government on the advantages and disadvantages of Australia adopting the functionally separate entity approach to the determination of profits attributable to a permanent establishment in its tax treaty negotiations and in domestic law.
Further information on the review is available on the Board of Taxation website.
The closing date for submissions is 14 December 2012. Submissions can be sent by mail, facsimile or e-mail to:
Review of Tax Arrangements Applying to Permanent Establishments
The Board of Taxation
c/- The Treasury
CANBERRA ACT 2600
Phone: 02 6263 4366
Fax: 02 6263 4471