Private ruling: Leasing
Date of advice: 27 January 2016
Published: March 2016


Relevant facts and circumstances: A foreign company, via its subsidiary, leased certain equipment to an Australian entity.

Relevant legislative provisions: Income Tax Assessment Act 1936 subsection 6(1) | Income Tax Assessment Act 1936 section 128B | Income Tax Assessment Act 1936 Part IVA | Income Tax Assessment Act 1997 section 6-5 | International Tax Agreements Act 1953 section 17A

Reasons for decision: Summary: The Commissioner issued a private ruling on the income tax and withholding tax obligations for the foreign company and its subsidiary. | Detailed Reasoning - Relevant legislative provisions: Income Tax Assessment Act 1936 subsection 6(1) Income Tax Assessment Act 1936 section 128B Income Tax Assessment Act 1936 Part IVA Income Tax Assessment Act 1997 section 6-5 International Tax Agreements Act 1953 section 17A