Treasury Laws Amendment (Multinational - Global and Domestic Minimum Tax) (Consequential) Act 2024 (134 of 2024)
Schedule 1 Amendments
Income Tax Assessment Act 1997
13 Subsection 205-30(1) (at the end of the table)
Add:
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14 |
the entity *receives a refund of Australian DMT tax; and the entity satisfies the *residency requirement for the income year corresponding to the *Fiscal Year to which the refund relates; and the entity was a *franking entity during the whole or part of the income year to which the refund relates |
that part of the refund that is attributable to the period during which the entity was a franking entity |
on the day on which the refund is received |