DT2653 - Particular agreements: Australia: Credit relief: admissible/inadmissible
Admissible for credit under the agreement
Income tax (including the additional tax on the undistributed
amount of the distributable income of a private company); Fringe
benefits tax from 1st April 2004. (See DT2659A) Petroleum resource
rent tax (PRRT) from 1st July 2004.
Admissible for credit unilaterally
Victorian taxation equivalent, to the extent that it is
calculated by reference to Australian (that is, federal) income
tax.
INADMISSIBLE
Fringe benefits tax up to 30th June 2004. (See DT2659A)
Petroleum resource rent tax (PRRT) up to 31st March 2004. Financial
institutions duty(New South Wales). New South Wales land tax.
