ATO launches campaign to target tax withholding on overseas royalties
The ATO’s International Risk for Private Groups Program has launched a campaign focusing on non-resident withholding tax relating to royalty expenses paid overseas for the 2019 and 2020 income years.
Taxpayers who have paid royalties to a non-resident must meet certain obligations, including lodging a PAYG withholding from interest, dividend and royalty payments paid to non-residents – annual report (PAYG annual report).
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