• Low-taxed third country income

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    The notional assessable income of a CFC in a listed country includes amounts derived from sources outside the CFC's country of residence if the amounts are of a kind specified in the Income Tax Regulations 1936. This rule does not apply to amounts of eligible designated concession income - these amounts may be included if the CFC fails the active income test.

    Last modified: 05 Dec 2006QC 18000