Guide to foreign income tax offset rules 2025

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Guide to foreign income tax offset rules 2025

Eligibility and rules for the FITO

Check if you are eligible for Foreign Income Tax Offset (FITO) and the rules that apply for entitlement.

When a FITO applies

Check if you meet the conditions for a FITO to apply to you.

Calculate your FITO or offset limit

How to work out your FITO or offset limit.

Record keeping for FITO

Check the records you need to keep to support a claim for the FITO.

Foreign income tax paid by a controlled foreign company

Check your eligibility for FITO if you have attributed foreign income and the controlled foreign company pays the tax.

Special circumstances

Find out if there are special circumstances for eligibility and the FITO limit for your entity or income type.

Attachment A: Countries and other jurisdictions that have a tax treaty with Australia

A list of the countries and jurisdictions that have a tax treaty with Australia.

References

ATO references:
NO QC 104349