Foreign currency translation rules



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End of attention

The New Business Tax System (Taxation of Financial Arrangements) Act (No. 1) 2003 introduced a package of new measures dealing with the taxation of foreign currency gains and losses contained in Division 775 of the ITAA 1997, and the foreign currency translation rules contained in Subdivision 960-C of the ITAA 1997 (and also the functional currency rules contained in Subdivision 960-D).

Further Information

For more information about the foreign currency translation rules, see:

End of further information
Last modified: 25 Nov 2009QC 21714