• Designated concession income

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    Normally, amounts derived in a broad-exemption listed country are exempt from accruals taxation. The exemption does not apply, however, for amounts of eligible designated concession income. Broadly, an amount is treated as designated concession income if it is concessionally taxed in a broad-exemption listed country. The amount will be treated as eligible designated concession income if it is not subject to full tax in any broad-exemption listed country.

    Last modified: 05 Dec 2006QC 17522