Tackling a new compliance obligation
The Australian Local File requires specific transfer pricing and business information, such as local business strategy to be prepared and reported by Significant Global Entities (SGEs). Reporting is via a standard format that needs to be electronically lodged via Standard Business Reporting (SBR) methods.
The data formatting, packaging and transmission complexities associated with Australian Local File requirements makes an automated software solution a necessity.
CCH Integrator’s Australian Local File solution transforms this challenge into routine, an obstacle into your secret weapon.
Preparation
Access our integrated robotic process to transform, cleanse, summarise and format transactions following the ATO’s prescribed Local File output.
Review & validate
Evaluate your summarised transactions while collecting and storing related attributes for each intercompany transaction in the Local File disclosure.
Lodgement
Utilise secure, multi-user access to facilitate collaboration, preparation and review across your business. Export an XML schema file to electronically file via the SBR lodgement portal with the ATO.
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