Commonwealth Consolidated Acts

INCOME TAX ASSESSMENT ACT 1997 - SECT 770.70

    The amount of your * tax offset for the year is the sum of the * foreign income tax you paid that counts towards the offset for the year.

Note 1:   The amount of foreign income tax you paid may be affected by Subdivision   770 - C.

Note 2:   The amount of the offset might be increased under section   770 - 230 of the Income Tax (Transitional Provisions) Act 1997 , if you have pre - commencement excess foreign income tax.