Miscellaneous 2016

Bonus: Tax issues for digital business

Source: National

Published Date: 2 Mar 2016

 

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This video is a filmed session from the 31st National Convention, PowerPoint slides are incorporated with the presentation.

A number of taxation issues arise for digital businesses transitioning to have a digital presence. This session considered these issues impacting upon digital business of all sizes, including:

  • practical issues to consider when transitioning to a digital presence - hosting arrangements, customer terms and conditions, record retention for tax purposes and the deductibility of costs such as website establishment and maintenance
  • in-house software and software development - depreciation and R&D
  • residence and taxable presence - where a digital business is resident, how a permanent establishment (PE) arises (including the OECD's BEPS project on Pes).
  • the character of income - withholding tax issues and when royalties arise (including the Seven Network case)
  • recent Australian law changes impacting on digital business - GST changes, the multinational tax avoidance law and transfer pricing
  • tax developments offshore and the potential for further law changes in Australia.

Individual Session

2016 National Convention Video Package

Author(s): Greg Nielsen CTA , Matthew Andruchowycz CTA , Andrew Mills CTA-Life , Joanne Dunne CTA , Sam Mccullough ATI , Gordon S Cooper , Kirsten Fish CTA , Cameron Rider FTI

Details

  • Published By: Joanne Dunne CTA
  • Published On:2 Mar 2016
  • Took place at:Grand Hyatt, Melbourne

The material is copyright. Apart any fair dealing for the purpose of private study, research criticism or review, as permitted under the copyright Act, no part may be reproduced by any process without written permission from The Tax Institute.

Unless expressly stated, opinions are not that of The Tax Institute, which accepts no responsibility for the accuracy of any of the information contained within it.

The Tax Institute
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("TTI")

The Tax Institute is a Recognised Tax Agent Association (RTAA) under the Tax Agent Services Regulations 2009. 

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