The tainted sales income of a CFC includes that part of gross turnover that represents sales income where the goods sold were purchased from or sold to:
- an associate who is a Part X Australian resident, or
- an associate who is not a Part X Australian resident but carried on business in Australia through a permanent establishment.
Purchased from |
Tainted sales? |
---|---|
Associated Australian |
Yes |
Associated non-resident (via Australian branch) |
Yes |
Unassociated Australian |
No |
Associated non-resident (not via Australian branch) |
No |
Unassociated non-resident |
No |
Sold to |
Tainted sales? |
---|---|
Associated Australian |
Yes |
Associated non-resident (via Australian branch) |
Yes |
Unassociated Australian |
No |
Associated non-resident (not via Australian branch) |
No |
Unassociated non-resident |
No |