Income Tax Assessment (1936 Act) Regulation 2015
PART 8
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ATTRIBUTION OF INCOME IN RESPECT OF CONTROLLED FOREIGN COMPANIES
SECTION 21
21
STATE FOREIGN TAXES THAT ARE TREATED AS FEDERAL FOREIGN TAXES
For section 323 of the Act, a foreign tax imposed in Switzerland that is a cantonal tax on income referred to in paragraph 3(b) of Article 2 of the Swiss convention (within the meaning of the International Tax Agreements Act 1953 ) is to be treated, for the purposes of Part X of the Act, as if it were an additional federal foreign tax of Switzerland.
For section 323 of the Act, a foreign tax imposed in Switzerland that is a cantonal tax on income referred to in paragraph 3(b) of Article 2 of the Swiss convention (within the meaning of the International Tax Agreements Act 1953 ) is to be treated, for the purposes of Part X of the Act, as if it were an additional federal foreign tax of Switzerland.
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