• Section 2 - Credits available only to resident companies

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    This information may not apply to the current year. Check the content carefully to ensure it is applicable to your circumstances.

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    Australian resident companies are entitled to a foreign tax credit as worked out in section 1. In addition, in some circumstances a company - other than a company in the capacity of trustee - may be:

    • entitled to a credit for tax paid by a CFC on amounts attributed to the Australian company
    • not assessable on foreign non-portfolio dividends- see part 1 of this chapter, or
    • not assessable on foreign income derived through a foreign branch - see part 2 of this chapter.
    Last modified: 05 Dec 2006QC 18000