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Edited version of private advice
Authorisation Number: 1051578990503
Date of Advice:
Date of advice: 26 September 2019
Ruling
Subject: Foreign branch income of resident company
The Commissioner was asked a question in relation to whether income derived by a resident company is non-assessable non-exempt income pursuant to subsection 23AH(2) of the Income Tax Assessment Act 1936.
The Commissioner has ruled on the question.