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  • B Interest expenses overseas



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

    End of attention

    Show at B the deductible interest incurred on money borrowed from overseas sources to:

    • acquire income-producing assets
    • finance operations, or
    • meet current expenses.

    The fund should generally withhold an amount of tax (withholding tax) from interest paid or payable to non-residents, and from interest paid to a resident which was derived by the resident through an overseas branch. The fund must remit these amounts to the Tax Office.

    Record keeping

    If the fund paid interest to non-residents, keep a record of the:

    Last modified: 29 Jul 2020QC 21714