INCOME TAX ASSESSMENT ACT 1997 - SECT 768.980 Interest paid by temporary resident
INCOME TAX ASSESSMENT ACT 1997 - SECT 768.980
Interest paid by temporary residentInterest that is paid by a * temporary resident:
(a) is an amount to which section 128B (liability to withholding tax) of the Income Tax Assessment Act 1936 does not apply; and
(b) is * non - assessable non - exempt income if the interest is:
(i) * derived by a foreign resident; and
(ii) is not derived from carrying on * business in Australia at or through a * permanent establishment in Australia.
Guide to Division 770
770 - A Entitlement rules for foreign income tax offsets
770 - B Amount of foreign income tax offset
770 - C Rules about payment of foreign income tax
770 - D Administration