Income Tax Assessment Act 1997
CHAPTER 4
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INTERNATIONAL ASPECTS OF INCOME TAX
Despite anything else in this Division, this Act applies to you as if you had not paid an amount of *foreign income tax to the extent that you or any other entity become entitled to:
(a) a refund of the foreign income tax; or
(b) any other benefit worked out by reference to the amount of the foreign income tax (other than a reduction in the amount of the foreign income tax).
PART 4-5
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GENERAL
Division 770
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Foreign income tax offsets
Subdivision 770-C
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Rules about payment of foreign income tax
Rules about when foreign tax is considered not paid
SECTION 770-140
770-140
When foreign income tax is considered not paid
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anti-avoidance rule
Despite anything else in this Division, this Act applies to you as if you had not paid an amount of *foreign income tax to the extent that you or any other entity become entitled to:
(a) a refund of the foreign income tax; or
(b) any other benefit worked out by reference to the amount of the foreign income tax (other than a reduction in the amount of the foreign income tax).
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