If you have international dealings with a related party or an interest in an overseas entity
When lodging a company, trust or partnership return for the 2011-12 income year and later income years, you must complete an International dealings schedule (NAT 73345) and include it with your tax return if you have either of the following:
- international transactions or dealings with a related party, on either capital or revenue account, where the total amount of the transactions or dealings (including the value of property transferred or the balance outstanding on any loans) was more than $2 million
- a direct or indirect interest in a foreign trust, foreign company, controlled foreign company or transferor trust.
If you are lodging your tax return from the 2010-11 income year or an earlier income year, you must complete section B of Schedule 25A if you had a direct or indirect interest in a foreign trust, foreign company, controlled foreign entity or transferor trust.
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