Income Tax Assessment Act 1997

CHAPTER 4 - INTERNATIONAL ASPECTS OF INCOME TAX  

PART 4-5 - GENERAL  

Division 832 - Hybrid mismatch rules  

Subdivision 832-E - Reverse hybrid mismatch  

Operative provisions

SECTION 832-390   When a reverse hybrid mismatch is an offshore hybrid mismatch  

832-390(1)  
A *reverse hybrid mismatch is an offshore hybrid mismatch if:


(a) the *deduction component of the mismatch is a *foreign income tax deduction; and


(b) the country in which the foreign income tax deduction arose does not have *foreign hybrid mismatch rules that correspond to this Subdivision.

Note:

An offshore hybrid mismatch might give rise to an imported hybrid mismatch: see Subdivision 832-H .

832-390(2)  
The amount of the *offshore hybrid mismatch is the amount of the *reverse hybrid mismatch.


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