Section B of Schedule 25A 2011 refers to overseas branch operations of Australian companies, controlled foreign companies (CFCs), and controlled foreign trusts (CFTs), and is to be completed in all cases where the answer is yes to any of the following:
- item 24 of the Company tax return 2011
- S item 22 of the Partnership tax return 2011
- S item 22 of the Trust tax return 2011
- C item 17 of the Fund income tax return 2011
If you need to complete section B, you must complete items 11 and 13 to 17. If any other items in section B do not apply, you may leave the labels in those items blank.
For the purposes of section B:
- 'listed countries' are countries listed in Part 1 of Schedule 10 of the Income Tax Regulations 1936 (ITR 1936)
- 'section 404 countries' are countries listed in Part 2 of Schedule 10 of the ITR 1936
- an 'unlisted country' is a country that is not shown in Schedule 10 of the ITR 1936.