The Australian Taxation Office (ATO) recently released a draft Taxation Ruling (TR) 2021/D4 (Draft Ruling) which considers whether certain software related royalties may be taxable. In short, the Draft Ruling provides a much needed, and quite broad, scope for when consideration of computer software will be a royalty for income tax purposes. This article discusses this broadened scope. [Read more…]
IP
Licence Agreements
24 July 2011 by
A licence can be a great way of exploiting the commercial value of intellectual property (IP). Put simply, assuming that the grantor of the rights controls the IP. A licence is the grant of a permission or authority by one person to another to do something.
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