Treasury Laws Amendment (Combating Multinational Tax Avoidance) Act 2017 (27 of 2017)

Schedule 1   Diverted profits tax

Income Tax Assessment Act 1997

25   Section 208-115 (at the end of the table)



the entity *pays diverted profits tax; and

the entity satisfies the *residency requirement for the income year for which the tax is paid; and

the entity was an *exempting entity for the whole or part of that income year

an amount equal to that part of the payment that is attributable to the period during which the entity was an exempting entity, multiplied by the proportion worked out under subsection (2)

on the day on which the payment is made