A4.431 Deduction of tax from annual payments and patent royalties—overview
Introduction
ITA 2007, Pt 15 Ch 6 imposes a duty to deduct tax from 'qualifying annual payments' and patent royalties. These two types of payments are dealt with in the same chapter in part because they replace the pre-Tax Law Rewrite concept of 'charges on income', of which they were the most common type. The category of charges on income is of no continuing relevance and is not considered further
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