Understanding "tax benefit" for Part IVA avoidance Tax laws often contain provisions designed to prevent avoidance and ensure fairness. One such provision in Australian tax law is Part IVA, which targets schemes that seek to reduce tax liability in ways that the law does not intend. Understanding the Part IVA tax benefit is crucial for taxpayers, accountants, and advisors to navigate compliance and optimize tax planning within legal boundaries. This article explains how Part

R eview Software Arrangements for 'royalty' payments The recently released ATO draft taxation ruling TR 2024/D1 has significant impact on taxpayers once finalised. If you have a software arrangement with an overseas provider, and:   1.    distribute or resell software in Australia 2.    pay a subscription fee for a software as a service ( SaaS ) solution 3.    are granted or have a right to use intellectual property ( IP ) 4.    sell hardware with embedded software   then rev