The Commissioner has appealed to the Full Federal Court against the decision in Seven Network Limited v FCT [2014] FCA 1411. In that case, the Federal Court allowed the taxpayer’s appeal and held that payments it made to the IOC for broadcasting rights to the Olympic Games were not royalties under the Australia-Switzerland DTA, and that it was not required to withhold amounts from the payments.

[LTN 24, 6/2/15]