ato logo
Search Suggestion:

Foreign source income

Last updated 12 February 2019

D Was the amount of foreign income tax paid greater than $100,000 OR was the amount of assessable foreign income greater than $500,000?

Print X in the appropriate box.

Assessable foreign income is all assessable income sourced from overseas, and includes interest, dividends, attributable income through the controlled foreign company (CFC) regime, and foreign-sourced capital gains.

For more information on foreign income tax, see

  • Guide to foreign income tax offset rules 2016.

For more information on foreign sourced capital gains, see:

  • Foreign income return form guide 2016
  • Guide to capital gains tax 2016.

E Transactions with specified countries

Print X in the appropriate box.

Did the fund directly or indirectly send to, or receive from, one of the countries specified in table 6, any funds or property? This includes sending or receiving the funds or property indirectly, for example, through another entity or country.

Or does the fund have the ability to control the disposition of any funds, property, investments or any other assets located in any of the countries specified in table 6?

This includes:

  • funds or assets that may be located elsewhere but are controlled or managed from one of the countries specified in table 6 below
  • where you have an expectation that you are able to control the disposition of the funds or assets or you can control the disposition indirectly, for example, through associates.

Table 6: Specified countries

Andorra

Liberia

Anguilla

Luxembourg

Antigua and Barbuda

Marshall Islands

Aruba

Mauritius

Bahamas

Monaco

Bahrain

Montserrat

Belize

Netherlands

Bermuda

Nauru

British Virgin Islands

Niue

Cayman Islands

Panama

Cook Islands

Samoa

Curacao

Saint Martin (Dutch part)

Cyprus

San Marino

Dominica

Seychelles

Gibraltar

Singapore

Grenada

St Kitts and Nevis

Guernsey

St Lucia

Hong Kong

St Vincent and the Grenadines

Ireland

Turks and Caicos Islands

Isle of Man

Switzerland

Jersey

US Virgin Islands

Labuan in Malaysia

Vanuatu

Liechtenstein

 

QC48112