Legislation

ITAA 1936 s IIIB in circumstances where a Double Tax Agreement (DTA) is applicable to the bank, and in determining the taxable income of the Australian branch for the year of income, the outcome for the bank would be more favourable under the DTA than if the provisions of Part IIIB were applied in their entirety (subsection 160ZZVB(2)

ATO documents that consider ITAA 1936 s IIIB in circumstances where a Double Tax Agreement (DTA) is applicable to the bank, and in determining the taxable income of the Australian branch for the year of income, the outcome for the bank would be more favourable under the DTA than if the provisions of Part IIIB were applied in their entirety (subsection 160ZZVB(2)

1 document

TD 2002/D6 (Finalised)replacedTD · 2002

Income tax: when can a foreign bank elect not to apply Part IIIB of the Income Tax Assessment Act 1936 (ITAA 1936) in calculating the taxable income attributable to the activities of its Australian branch?