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End of attention
The regulations specify those countries which are to be treated as broad-exemption and limited-exemption listed. These lists are reproduced at attachment A.
Broad-exemption listed countries
Amounts taxed at full rates by countries on the list are exempt from accruals taxation and are not assessable on repatriation to Australia.
Limited-exemption listed countries
Amounts taxed at full rates by countries on the list are generally not assessable on repatriation to Australia. An exemption from accruals taxation will not be available, however, on the basis that an amount has been taxed in a limited-exemption listed country.
Last modified: 05 Dec 2006QC 17522