INCOME TAX ASSESSMENT ACT 1997

CHAPTER 2 - LIABILITY RULES OF GENERAL APPLICATION  

PART 2-20 - TAX OFFSETS  

Division 61 - Generally applicable tax offsets  

Subdivision 61-N - Seafarer tax offset  

Guide to Subdivision 61-N

SECTION 61-695   61-695   What this Subdivision is about  


A company may get a refundable tax offset for withholding payments made to Australian seafarers for overseas voyages if:

  • (a) the voyage is made by a vessel for which the company, or another entity, has a certificate under the Shipping Reform (Tax Incentives) Act 2012; and
  • (b) the company employs or engages the seafarer on such voyages for at least 91 days in the income year.

  • TABLE OF SECTIONS
    TABLE OF SECTIONS
    Operative provisions
    61-700 Object of this Subdivision
    61-705 Who is entitled to the seafarer tax offset
    61-710 Amount of the seafarer tax offset


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