• Exception for comparably taxed amounts

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    Further, amounts are only taken into account if they are not taxed in full in Australia or comparably taxed in a broad-exemption listed country. Amounts arising in a broad-exemption listed country are assumed to be comparably taxed if they do not qualify as eligible designated concession income described in the Income Tax Regulations and in appendix 1.

    Last modified: 05 Dec 2006QC 17522