Full Court finds bottling agreement payments to PepsiCo’s not taxable royalties

Tax 2024-06-26 11:39 pm By Cindy Cameronne | Sydney

In a loss for the Australian Taxation Office, the Full Federal Court has found that payments made by Asahi Breweries-owned Schweppes to PepsiCo under agreements to sell brands such as Pepsi and Mountain Dew in Australia were not subject to a royalty withholding tax.