Notice of Withdrawal
1
TR 93/12 deals with the assessability of receipts in respect of software and the treatment of software as trading stock under subsection 70-10(1) of the Income Tax Assessment Act 1997.
2
TR 93/12 has been replaced by Draft Taxation Ruling TR 2021/D4 Income tax: royalties - character of receipts in respect of software which issued on 25 June 2021.
3
TR 2021/D4 deals with the circumstances in which receipts from the licensing and distribution of software will be royalties as defined in subsection 6(1) of the Income Tax Assessment 1936. Other matters contained within TR 93/12 are considered to be generally well understood and it is proposed to deal with them through guidance to be published on ato.gov.au.