Treasury Laws Amendment (Multinational - Global and Domestic Minimum Tax) (Consequential) Act 2024 (134 of 2024)
Schedule 1 Amendments
Income Tax Assessment Act 1997
10 Subsection 205-15(1) (at the end of the table)
Add:
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9 |
the entity *pays Australian DMT tax; and the entity satisfies the *residency requirement for the income year corresponding to the *Fiscal Year for which the tax is paid; and the entity is a *franking entity for the whole or part of that income year |
that part of the payment that is attributable to the period during which the entity was a franking entity |
on the day on which the payment is made |