The Australian government started consulting Tuesday on a new draft ruling to expand on royalty payment scenarios for software and intellectual property that are liable for withholding tax.
The latest draft ruling details the Commissioner’s view for when payments for software will count as royalties and copyright that are liable for tax, which is based on case law and new examples of modern software distribution arrangements.
The ruling is expected to apply to situations both before and after it is finalized.
- The latest draft ruling replaces a version published in June 2021 because earlier feedback flagged the domestic interpretation ...
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