Taxation Laws Amendment (Foreign Income Measures) Act 1997 (155 of 1997)
Schedule 1 Foreign source income
Part 1 General amendments
Income Tax Assessment Act 1936
33 Subparagraph 377(1)(a)(i)
Repeal the subparagraph, substitute:
(i) if the listed country is a broad-exemption listed country - the income or profits are not eligible designated concession income in relation to any broad-exemption listed country in relation to the qualifying period; and
(ia) if the listed country is a limited-exemption listed country - the income or profits are not adjusted tainted income (within the meaning of section 386); and
Copyright notice
© Australian Taxation Office for the Commonwealth of Australia
You are free to copy, adapt, modify, transmit and distribute material on this website as you wish (but not in any way that suggests the ATO or the Commonwealth endorses you or any of your services or products).
