New International Tax Arrangements (Foreign-owned Branches and Other Measures) Act 2005 (64 of 2005)
Schedule 3 Australian permanent establishments of foreign financial entities
Part 1 Treatment like Australian branches of foreign banks
Income Tax Assessment Act 1997
5 Section 12-5 (after the table item headed "foreign exchange")
Insert:
|
foreign financial entities' Australian permanent establishments |
|
|
generally.......... |
Part IIIB |
|
thin capitalisation |
Subdivision 820-FB |
|
transfer of losses |
Subdivisions 170-A and 170-B |