Financial Performance 2 Expense Interest Financial Institution Exempt Paid Amount The total amount of interest paid to foreign financial institutions that is exempt from withholding tax because of Australia?s double tax agreements (DTAs) with those countries. Inform the relevant field with the total amount of interest paid to financial institution exempt from withholding under DTA. Australia has entered into taxation agreements with more than 40 countries. Tax treaties, which are also referred to as tax conventions or double tax agreements (DTA). They prevent double taxation and fiscal evasion and foster cooperation between Australia and other international tax authorities by enforcing their respective tax laws. The company will only be affected by a tax treaty if it is a resident of Australia or the other treaty country. For more information refer to Taxation Ruling 2001/3 Income Tax: Interpreting Australia's Double Tax Agreements Expense Interest Non Resident Exempt Paid Amount The total amount of interest paid to non-residents that is exempt from interest withholding tax under section 128F or section 128FA of the ITAA 1936. Inform the relevant field with the total amount of section 128F/128FA exempt interest paid. Expense Interest Paid Amount The accumulated amount of interest paid within the reporting income year. None Expense Operating Interest Amount The amount of interest expenses incurred on money borrowed to: - acquire income-producing assets used in business, - finance business operations, or - meet current business expenses. Inform the relevant field with the amount of interest expenses. An amount of interest may not be an allowable deduction ? for example, where the thin capitalisation provisions disallow an interest deduction. Include the amount of interest not allowable at Non-deductible expenses. Distributions from a non-share equity interest are not deductible. For information on thin capitalisation, see the ATO website www.ato.govau. Expense Purchases And Other Costs Amount The cost of direct materials used for manufacture, sale or exchange in deriving the gross proceeds or earnings of the business. This amount includes freight inwards. Inform the relevant field with the amount of purchases and other costs. FORMER STS TAXPAYERS - If the company is eligible and continuing to use the STS accounting method, only write at Purchases and other costs the costs that the company has paid. Income Interest Early Payment Credit Amount An amount of interest credit that is received where an actual payment is made on account and is paid before the due date of payment. Amounts which may attract early payment interest are payments of: Income tax and Interest payable under Section 102AAM. Early payments interest is calculated from the date the early payment is made to the date the amount becomes due and payable. Only inform the amount if the calculated interest amount is 50 cents or more for early payment. Do not show actual payments. The company may be entitled to interest if it makes an actual payment on account of certain amounts more than 14 days before the due date of payment. Amounts which may attract early payment interest include payments of: - income tax - shortfall interest charge - interest payable under section 102AAM. Amounts which are not directly paid but are reduced by the crediting or applying of an amount do not attract early payment interest. These amounts include: - credit for instalments payable under the PAYG instalment regime - credit for amounts withheld from withholding payments under the PAYG withholding regime - an overpayment of other income tax liabilities - a running balance account (RBA) surplus - any other credit entitlement arising under a taxation law. Income Interest Gross Amount The amount of total interest from all sources, including interest received from or credited by an associate. Show at Information statement- Calculation of total profit or loss- Income- Gross interest the total interest from all sources including interest received from or credited by an associate. Income Sale Of Goods And Services Other Amount Total amount of the gross sales of trading stock including wool, produce and livestock including the assessable value, for income tax purposes, of forced disposal, manufactured goods, goods taken ex-stock, livestock killed for rations or exchanged for other goods or services, and gross earnings from services without having been subjected to deduction. Inform the relevant field with the amount of other sales of goods and services. Do not include in this field: - any payments where tax has been withheld for failure to quote an ABN. Include these amounts at Gross payments where ABN not quoted - any amounts subject to foreign resident withholding Include these amounts at Gross payments subject to foreign resident withholding - sales of shares and land that are not held as trading stock for income tax purposes.