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  • Appendix 1 - Foreign income regulations



    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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    Part 8A of the Income Tax Regulations 1936, and associated schedules, deal with the taxation of foreign source income. The provisions:

    • declare those countries that are to be treated as listed, unlisted and section 404 countries
    • provide that Swiss cantonal taxes are treated as if they were federal taxes
    • contain rules for determining whether an amount is designated concession income
    • specify when the capital gains are taken to have been subject to tax for the purpose of the CFC measures, the transferor trust measures, and the non-assessable non-exempt treatment of foreign branches of Australian companies, and
    • set out the accruals taxation laws of other countries that are recognised for the purpose of providing relief from double accruals taxation.
    Last modified: 18 May 2020QC 19443