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  • Foreign tax credit allowable for a dividend paid from income which has previously been attributed


    This information may not apply to the current year. Check the content carefully to ensure it is applicable to your circumstances.

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    Dividends derived by all Australian residents for tax purposes (including individuals) from profits that have been taxed on an accruals basis are non-assessable non-exempt income. A credit is available for foreign tax paid by the Australian resident on these dividends even though they are not assessable.

    Last modified: 05 Dec 2006QC 18000