Income Tax Assessment Act 1997
This Subdivision contains an integrity measure that disallows an Australian deduction for a payment of interest (or a payment of a similar character) made by an entity (the paying entity ) under a scheme to a foreign entity (the interposed foreign entity ). The deduction will be disallowed if certain conditions are satisfied, including that:
However, the deduction will not be disallowed if, assuming that the payment had been made directly to the ultimate parent entity:
|832-725||Payments made to interposed foreign entity (integrity measure) - denial of deduction|
|832-730||Back to back arrangements, etc.|
|832-735||Determination may specify kinds of scheme and circumstances where no denial of deduction|
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