The use of intangibles is no longer limited to tech companies. Resource companies have embraced technology and other intangibles to remain competitive and unlock value from their non-renewable resources. With the increased focus by tax authorities on the role and value created by intangibles, taxpayers need to understand this changing tax landscape and how this will impact their compliance obligations.
This session largely focused on the recently published PCG 2024/1 on Intangibles Migration Arrangements and the interplay with other tax provisions, RTP disclosures and recent case law.