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  • Glossary



    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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    Accruals taxation

    Accruals taxation is the taxation of Australian residents on profits derived through a foreign company or trust as they are earned by the company or trust. Normally, the profits would not be taxed in Australia until they are distributed to the taxpayer as a dividend or trust distribution.

    Last modified: 05 Dec 2006QC 18000