Income Tax Assessment Act 1997
CHAPTER 4
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INTERNATIONAL ASPECTS OF INCOME TAX
PART 4-5
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GENERAL
Division 832
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Hybrid mismatch rules
Subdivision 832-I
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Dual inclusion income
Guide to Subdivision 832-I
SECTION 832-675 What this Subdivision is about
View history note
Hide history noteSECTION 832-675 What this Subdivision is about
Income that is taxed in 2 countries is dual inclusion income. It can be applied to reduce the neutralising amount for the hybrid payer mismatch and the deducting hybrid mismatch.
This Subdivision modifies the concepts of " subject to Australian income tax " and " subject to foreign income tax " for the purposes of calculating dual inclusion income.
It also identifies which entities are able to apply dual inclusion income.
| Operative provisions | |
| 832-680 | Dual inclusion income, and when an entity is eligible to apply it |
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