Treasury Laws Amendment (Combating Multinational Tax Avoidance) Act 2017 (27 of 2017)
Schedule 1 Diverted profits tax
Income Tax Assessment Act 1997
19 Subsection 205-30(1) (at the end of the table)
Add:
|
13 |
the entity *receives a refund of diverted profits tax; and the entity satisfies the *residency requirement for the income year to which the refund relates; and |
that part of the refund that is attributable to the period during which the entity was a franking entity, multiplied by the proportion worked out under subsection (3) |
on the day on which the refund is received |
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