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Reporting an online subscription from a foreign company
March 31, 2023
Q. Here in the U.S., we access an online subscription created by an Australian firm. Under the Proposed Regs, would this be considered a provision of services? And would it be viewed as foreign source or U.S. source?
A.
(Answered by IOFM's third-party tax experts)
The currently proposed regulations provide a checklist to help payers identify "service" as opposed to "rental" of digital material, when access is "in the cloud" all online. The factors in the checklist are a “balancing” test; not…
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