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  • Draft ruling published on 'In Australia' condition

    We have recently published a draft ruling about the 'In Australia' requirement for certain deductible gift recipients (DGR) and income tax exempt entities.

    The draft ruling explains what it means for:

    • a DGR to be 'In Australia' as a condition of their endorsement
    • certain entities to have a 'physical presence in Australia' as a condition for their income being exempt from income tax
    • a registered charity or DGR to have a 'physical presence in Australia' as a condition for them qualifying for a refund of franking credits.

    The draft ruling is available – TR 2018/D1 Income tax: the 'in Australia' requirement for certain deductible gift recipients and income tax exempt entities.

    The draft ruling is open for comment until 10 August 2018.

    You can provide your comments by:

      Last modified: 18 Jul 2018QC 56277