INCOME TAX ASSESSMENT ACT 1997

CHAPTER 4 - INTERNATIONAL ASPECTS OF INCOME TAX  

PART 4-5 - GENERAL  

Division 770 - Foreign income tax offsets  

Subdivision 770-B - Amount of foreign income tax offset  

Operative provisions

SECTION 770-70   770-70   Amount of foreign income tax offset  


The amount of your *tax offset for the year is the sum of the *foreign income tax you paid that counts towards the offset for the year.
Note 1:

The amount of foreign income tax you paid may be affected by Subdivision 770-C .

Note 2:

The amount of the offset might be increased under section 770-230 of the Income Tax (Transitional Provisions) Act 1997 , if you have pre-commencement excess foreign income tax.


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