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 880
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Sovereign entities and activities
Subdivision 880-B
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Basic tax treatment of sovereign entities
SECTION 880-50
What this Subdivision is about
View history note
Hide history noteThis Subdivision provides that a sovereign entity is liable to pay tax. It also provides that a body politic (or a foreign government agency) of a foreign country, or part of a foreign country, is treated as being a person that is not a resident of Australia, but is a resident of the foreign country.
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