Income Tax Assessment Act 1997

CHAPTER 4 - INTERNATIONAL ASPECTS OF INCOME TAX  

PART 4-5 - GENERAL  

Division 832 - Hybrid mismatch rules  

Subdivision 832-I - Dual inclusion income  

Guide to Subdivision 832-I

SECTION 832-675   What this Subdivision is about  


Income that is taxed in 2 countries is dual inclusion income. It can be applied to reduce the neutralising amount for the hybrid payer mismatch and the deducting hybrid mismatch.

This Subdivision modifies the concepts of " subject to Australian income tax " and " subject to foreign income tax " for the purposes of calculating dual inclusion income.

It also identifies which entities are able to apply dual inclusion income.


TABLE OF SECTIONS
TABLE OF SECTIONS
Operative provisions
832-680 Dual inclusion income, and when an entity is eligible to apply it


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