Taxation Ruling

IT 2671W - Notice of Withdrawal

Income tax: research and development expenses claimed against royalty income of non-residents

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FOI status:

may be released

NOTICE OF WITHDRAWAL

Taxation Ruling IT 2671: 'Income Tax: Research and development expenses claimed against royalty income of non-residents', has been withdrawn.

Since the introduction of royalty withholding tax, research and development expenses can no longer be claimed as a deduction against royalty income of non-residents.

Commissioner of Taxation
1 June 1995

References

ATO references:
NO NAT 90/3561-3

ISSN 0813-3662

Related Rulings/Determinations:

IT 2671

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