Use Appendix 20 to find the hybrid mismatch reason type codes for differences.
Code |
Codes for differences |
|---|---|
1 |
The offshore hybrid mismatch is less than the amount of the otherwise deductible importing payments, and the offshore hybrid mismatch has been wholly neutralised by deductions disallowed under section 832-610 of the ITAA 1997 |
2 |
The offshore hybrid mismatch was neutralised, in whole or in part, by a foreign importing payment with higher priority under subsection 832-615(2) of the ITAA 1997 |
3 |
The offshore hybrid mismatch was neutralised, in whole or in part, by a foreign importing payment with equal priority under subsection 832-615(2) of the ITAA 1997 |
4 |
The payments are excluded from the definition of an importing payment under subparagraph 832-625(3)(b)(i) of the ITAA 1997 as it was made through an interposed entity which is subject to foreign hybrid mismatch rules |
5 |
The payments are excluded from the definition of an importing payment under subparagraph 832-625(3)(b)(ii) of the ITAA 1997 as an interposed payment gave rise to a deduction/non-inclusion mismatch |
6 |
The amount of foreign income tax deductions for any interposed payments, were less than the amount of importing payments |
7 |
The deductions disallowed equals the amount of the otherwise deductible importing payments, including where both are nil |
8 |
Other |