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  • Appendix 1 - Foreign income regulations

    Attention

    Warning:

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

    End of attention

    Introduction

    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