Australia: Draft legislation on GST treatment of copyright owners, multimedia products
Includes particular GST attribution rules for supplies and acquisitions made by copyright owners and collecting societies
The Australian Taxation Office (ATO) registered two draft legislative instruments related to goods and services tax (GST) treatment of copyright owners and multimedia products:
- A New Tax System (Goods and Services Tax) (Attribution Rules – Supplies and Acquisitions Relating to Collecting Societies) Determination 2025 provides particular GST attribution rules for supplies and acquisitions made by copyright owners and collecting societies as defined under the Copyright Act 1968.
- A New Tax System (Goods and Services Tax) (Application of Intermediary Arrangements to the Multi-Media Industry) Determination 2025 specifies that supplies or acquisitions of multimedia products are taken to be "supplies or acquisitions" to which the arrangements in section 153-50 of the GST Act apply. The legislation would repeal and replace Goods and Services Tax: Application of Agency Arrangements to the Multi-Media Industry Determination (No. 33) 2015, which sunsets on October 1, 2025.