Summary sheet 5 - Working out the amount of foreign dividend income to include in your assessable income

Use this summary sheet to work out the amount of foreign dividend income to include in your assessable income.

Last updated 11 September 2016

Part A - Non-portfolio dividends received by a resident company from a foreign company

These dividends are always exempt from tax. Do not include them in your assessable income.

These dividends are taxable unless the resident had an attribution surplus for the paying company at the time the dividend was paid.

Step 1	Gross amount of each dividend	GD	$
Step 2	Take away the amount of any attribution surplus (attS) up to the amount of the gross dividend.	attS	$
	Balance of the dividend.	BalD	$
Repeat steps 1 and 2 for each dividend. Include the total for all dividends in assessable income.
Step 3	Gross amount of all dividends - other than non-portfolio dividends - where there were no attribution surpluses for the paying companies.	GD	$
	Include this amount in assessable income.

QC18820