The Australian Taxation Office (ATO) issued a draft for public consultation on 10 May, 2024, regarding the legislation Taxation Administration (Withholding Variation for Certain Payments to US Resident Entertainers Including Athletes) Legislative Instrument 2024 (LI 2024/D7).
This legislation aims to abolish the withholding requirement on specific payments to entertainers and athletes residing in the United States.
This draft seeks to supersede the existing regulation “Taxation Administration Act 1953 – Pay as you go withholding – Variation to remove the requirement to withhold from payments for certain US resident entertainers and sportspersons.”
The deadline to receive comments is 6 June, 2024.