Tax Collection 4 International Dealings AAM Interest Section 102 Amount SECTION 102AAM Payment of interest by a taxpayer on distributions from certain non-resident Trust estates. International Dealings Ability To Directly Or Indirectly Control Or Direct A Non Resident Trust Indicator Indicator to determine whether the entity was able to control or direct (directly or indirectly) a non-resident trust estate. International Dealings Accumulated Losses Transferred From Controlled Foreign Company Or Controlled Foreign Trust Of Unlisted Country To Related Entity In Listed Country Indicator Indicator to determine whether transfers of accumulated losses were made from any unlisted country Controlled Foreign Company or Controlled Foreign Trust to a related entity in a listed country. International Dealings Accumulated Profits Transferred From Controlled Foreign Company Or Controlled Foreign Trust Of Unlisted Country To Related Entity In Listed Country Indicator Indicator to determine whether transfers of accumulated profits were made from any unlisted country Controlled Foreign Company or Controlled Foreign Trust to a related entity in a listed country. International Dealings Arms Length Pricing Method Code In order to establish appropriate arm's length pricing under a particular method, a sampling of the dealings may be sufficient if carried out according to accepted statistical practice. Note that where total dollar value of related-party dealings is to be calculated, these dealings should not be 'netted off' (other than in the case of certain derivative instruments). That is, do not set off incomings and outgoings against each other to result in a lesser amount. Instead, add the amounts, both income derived and expenses incurred, to obtain the sum total of all such dealings. Valid values are: 1: Comparable uncontrolled price (CUP) method 2: Resale price method 3: Cost-plus method 4: Profit split method 5: Transactional net margin method 6: Marginal costing 7: Cost-contribution arrangement 8: Apportionment of costs 9: Apportionment of income 10: Fixed mark-up applied to cost 11: Fixed percentage of resale price 12: Other arm's length methods The arm's length pricing method used to set or review consideration of a revenue (non-capital) nature. International Dealings Assessable Income Non Resident Beneficiary Non Trustee Amount The net income of non-resident companies and individual beneficiaries, not being trustees, distributed from the reporting entity. International Dealings Assessable Income Non Resident Beneficiary Trustee Amount The net income of non-resident companies and individual beneficiaries, who are trustees, distributed from the reporting entity. International Dealings Attributable Income Of Controlled Foreign Companies Or Controlled Foreign Trusts Through Interposed Australian Entities Amount The total amount of attributable income of controlled foreign companies and controlled foreign trusts that is assessable under Section 459A (interposed Australian entities) of the ITAA 1936. International Dealings Attributable Income Of Controlled Foreign Companies Where Change Of Residence Occurred Amount The total amount of attributable income of controlled foreign companies that is assessable under Section 457 controlled foreign companies change of residence of the ITAA 1936. International Dealings Attributable Income Of Controlled Foreign Companies Amount The total amount of attributable income of controlled foreign companies that is assessable under Section 456 (controlled foreign companies attributable income) of the ITAA 1936 for listed, section 404 and unlisted countries. International Dealings Attributed Foreign Income FIF or FLP Indicator Indicates the reporting entity has an indirect or direct interest in a Foreign Investment Fund (FIF) or Foreign Life Policy (FLP). International Dealings Attributed Foreign Income FT or CFC or TT Indicator Indicates the reporting entity has an indirect or direct interest in a controlled foreign company (CFC) or a foreign trust (FT) or a transferor trust (TT). International Dealings Beneficiary Of Non Resident Trust Estate Indicator Indicator to determine whether the reporting party was a beneficiary of a non-resident trust estate. International Dealings Capital Gain Active Foreign Business Reduction Amount If a company held a voting interest of at least 10% in a foreign company and held that interest for a continuous period of at least 12 months in the two years before the specified Capital Gains Tax event it may be entitled to use this measure. The amount of capital losses, as reduced in accordance with Sub-division 768-G of the ITAA 1997, that may be utilsed or carried forward. International Dealings Capital Loss Active Foreign Business Reduction Amount If a company held a voting interest of at least 10% in a foreign company and held that interest for a continuous period of at least 12 months in the two years before the specified Capital Gains Tax event it may be entitled to use this measure. The amount of the reduction in capital gains determined in accordance with Sub-division 768-G of the ITAA 1997. International Dealings Capital Nature Indicator Indicator to determine whether the reporting party had any related party dealings of a non-revenue (capital) nature in which you acquired an interest in an asset, or a Capital Gains Tax event occurred (including disposal). International Dealings Conduit Foreign Income Balance Amount A distribution that an Australian corporate tax entity makes to a foreign resident is not subject to dividend withholding tax, and is not assessable income, to the extent that the entity declares it to be conduit foreign income. An Australian corporate tax entity has an amount that is non-assessable non-exempt income if it receives a distribution including conduit foreign income from another such entity and it makes a distribution including conduit foreign income. This is the balance of conduit foreign income at the end of the income year. International Dealings Conduit Foreign Income Distributed Amount The total amount of conduit foreign income the company distributed during the income year. International Dealings Country Attributed Foreign Income Excluding Transferor Trusts Section 404 Amount "Amounts taxed on an accruals basis under the control foreign company, transferor trust or foreign investment fund measures. The income attributed to the taxpayer from controlled foreign entities excluding transferor trusts of listed countries. A transferor trust is a trust where, having regard to all relevant circumstances, it would be reasonable to conclude that another entity is, or is likely to be, an attributable taxpayer in relation to the trust." International Dealings Country Attributed Foreign Income Including Transferor Trusts Section 404 Amount The income attributed from controlled foreign entities and transferor trusts of a foreign country that is declared by the Regulations to be a section 404 country for the purposes of the controlled foreign company rules. International Dealings Credit For Tax Withheld From Foreign Resident Withholding Share Received Indirectly Amount An entity must withhold an amount from payments of interest, dividend or royalties paid to an entity with an address outside Australia. International Dealings Credit For Tax Withheld From Foreign Resident Withholding Amount The amount of Credit for tax withheld where income is subject to foreign resident withholding rules that has been distributed International Dealings Direct Or Indirect Interest In Controlled Foreign Companies And Controlled Foreign Trusts Count The number of listed country controlled foreign companies and controlled foreign trusts where the reporting party had either a direct or indirect interest. International Dealings Dollar Value Of Capital Nature Percentage Bracket Code 1: 0% 2: 1% to less than 25% 3: 25% to less than 50% 4: 50% to less than 75% 5: 75% to less than 100% 6: 100% Total of acquisitions and disposals as a percentage of the dollar value of related party dealings of both a revenue and capital nature. International Dealings Dollar Value Of Revenue And Expenses Percentage Bracket Code 1: 0% 2: 1% to less than 25% 3: 25% to less than 50% 4: 50% to less than 75% 5: 75% to less than 100% 6: 100% The percentage of the revenue derived and expenses incurred that the arm's length pricing method relates to. International Dealings Double Tax Agreement Financial Institutions Withholding Exemption Country Code The three letter country code derived from ISO 3166 identifying the country of residence of the financial institution to which the most exempt interest, under Article 11(3)(b) of the relevant double tax agreement, was paid in the reporting period. International Dealings Exempt Interest In Foreign Investment Funds Or Foreign Life Policies Amount The value of interests held in foreign investment funds or foreign life policies that are exempt under the specified sections of the ITAA 1936. An interest in a foreign investment fund that is a foreign company is: (a) a share in the company other than an eligible finance share within the meaning of section 327; or (b) an option, convertible note, or other instrument, that confers an entitlement to acquire such a share. An interest in a foreign investment fund that is a foreign trust is: (a) an interest in the corpus or income of the trust (including, in the case of a unit trust, an interest constituted by a unit in the unit trust); or (b) an option, convertible note, or other instrument, that confers an entitlement to acquire an interest referred to in paragraph (a). A person has an interest in a foreign life policy if the person has the legal title to the foreign life policy and, if only one person has the legal title to the foreign life policy, a reference in this Part to the person's interest or interests in the foreign life policy is taken to be a reference to the foreign life policy. International Dealings Exempt Interest In Foreign Investment Funds Or Foreign Life Policies Code 01: Section 497 - Interests in a foreign company principally engaged in eligible company activities 02: Section 503 - Interests in a foreign bank 03: Section 504 - Interests in a foreign holding company of a foreign bank 04: Section 506 - Interests in a foreign life insurance company 05: Section 507A - Interests in a foreign holding company of a foreign life insurance company 06: Section 509 - Interests in a foreign general insurance company 07: Section 509A - Interests in a foreign holding company of a foreign general insurance company 08: Section 511 - Interests in a foreign company engaged in certain activities connected with real property 09: Section 511A - Interests in a foreign holding company of a foreign real property company 10: Section 513 - Interests in certain USA entities 11: Section 515 - Interests of less that $50,000 12: Section 519B - Exemption for complying superannuation entities, certain assets of life insurance companies and certain fixed trusts 13: Section 521 - Interests that are trading stock 14: Section 523 - Interests in a foreign company principally engaged in several of certain activities 15: Section 523A - Interests in a foreign holding company of a foreign mixed activity company 16: Section 525 - Interests not exceeding 10% of the value of all Foreign Investment Fund (FIF) interests 17: Section 527 - Certain interests of underwriting members of Lloyd's Interests held in foreign investment funds or foreign life policies that are exempt under sections of ITAA 1936. The codes correspond to the various sections of ITAA 1936. International Dealings Foreign Fund Transfers Amount The assessable amounts transferred to an Australian superannuation fund from a foreign superannuation fund that was in excess of that which was vested in the member at the time of transfer. This also includes amounts transferred from a foreign fund by way of a written choice made by members of the fund International Dealings Foreign Fund Transfers Count In the number box enter the number of transfers received from foreign funds for the current income year. The number of assessable amounts transferred to an Australian superannuation fund from a foreign superannuation fund that was in excess of that which was vested in the member at the time of transfer. This also includes amounts transferred from a foreign fund by way of a written choice made by members of the fund International Dealings Foreign Income Gross Amount The amount of the assessable income derived from foreign sources grossed up by the amount of the foreign tax. This amount includes: - foreign source capital gains after offsetting any unapplied capital losses - assessable dividends paid by a New Zealand company - income attributable to a dividend from a New Zealand company received from a partnership or trust. International Dealings Foreign Income Net Amount The amount of the assessable income derived from foreign sources grossed up by the amount of the foreign tax, but net of expenses. This amount includes: - foreign source capital gains after offsetting any unapplied capital losses - assessable dividends paid by a New Zealand company - income attributable to a dividend from a New Zealand company received from a partnership or trust. International Dealings Foreign Investment Fund And Foreign Life Assurance Policy Income Amount The amount of attributed foreign income from Foreign Investment Funds (FIFs) and Foreign Life Policies (FLPs). International Dealings Foreign Investment Funds Income Attributed Foreign Income Amount The amount of attributed foreign income from foreign life policies (FLP). A FLP is a life assurance policy issued by an entity that was not a resident of Australia at any time in the income year. International Dealings Foreign Life Assurance Policy Attributed Foreign Income Amount The amount of the foreign investment fund income from the Foreign Investment Fund (FIF) in respect of the notional accounting period. International Dealings Foreign Source Income Excess Aggregate Value Indicator Indicates whether the amount of foreign tax credits paid or carried forward or the amount of assessable foreign income is greater than a specified limit. International Dealings Foreign Tax Credits Excluding Foreign Capital Gains Amount A credit available to a taxpayer who received foreign income that is taxable in Australia and for which they paid (or are taken to have paid) foreign tax. This amount excludes credits for foreign source capital gains International Dealings Foreign Tax Credits Including Foreign Capital Gains Amount A credit available to a taxpayer who received foreign income that is taxable in Australia and for which they paid (or are taken to have paid) foreign tax. This amount includes credits for foreign source capital gains International Dealings Franking Credits Received From New Zealand Companies Amount The amounts of Australian franking credits from a New Zealand company that are included in assessable income because of a franked distribution paid by a New Zealand company or because of its receipt indirectly through another entity. International Dealings Income And Expense Items Step 1 And 2 Of Taxation Ruling Percentage Bracket Code 1: 0% 2: 1% to less than 25% 3: 25% to less than 50% 4: 50% to less than 75% 5: 75% to less than 100% 6: 100% The percentage of the total dollar value of related-party dealings excluding loans, where it relates to documentation of steps 1 and 2 (characterisation and selection) of Taxation Ruling TR 98/11. International Dealings Income And Expense Items Step 3 Taxation Of Ruling Percentage Bracket Code 1: 0% 2: 1% to less than 25% 3: 25% to less than 50% 4: 50% to less than 75% 5: 75% to less than 100% 6: 100% The percentage of the total dollar value of related-party dealings excluding loans, where it relates to documentation step 3 of Taxation Ruling TR 98/11. International Dealings Interest In Or Entitlement To Acquire Interest In Non Resident Trust Estate Indicator Indicator to determine whether the reporting party had an interest in a non-resident trust estate, or was entitled to acquire an interest in a non-resident trust estate. International Dealings Interest To Financial Institution Exempt From Withholding Under A Double Tax Agreement Amount The total exempt interest paid to a financial institution, under Article 11(3)(b) of the relevant double tax agreement, in the reporting period. International Dealings Listed Country Attributed Foreign Income Excluding Transferor Trusts Amount The amount of attributed foreign income from controlled foreign entities in listed countries excluding amounts attributed from transferor trusts. Listed countries (formerly known as broad-exemption listed countries) are listed in Part 1 of Schedule 10 to the Income Tax Regulations 1936. A transferor trust is a trust where, having regard to all relevant circumstances, it would be reasonable to conclude that another entity is, or is likely to be, an attributable taxpayer in relation to the trust. International Dealings Listed Country Attributed Foreign Income Including Transferor Trusts Amount The income attributed from controlled foreign entities and transferor trusts of listed countries. Listed countries (formerly known as broad-exemption listed countries) are listed in Part 1 of Schedule 10 to the Income Tax Regulations 1936. International Dealings Main Business Activity Carried Out With International Related Parties Amount International transactions, agreements or arrangements between related parties, between a permanent establishment and its head office or between two permanent establishments of the same entity. It includes all transactions between an Australian resident and its international related parties. International Dealings Non Assessable Non Exempt Income Foreign Branch Profits Of Australian Companies Amount Non-assessable non-exempt income is a category of income now recognised by the income tax law. Non-assessable non-exempt income is not taken into account in working out a taxpayer's taxable income or tax loss for an income year, or in working out how much of a prior year tax loss is deductible in an income year. The amount of foreign income that is non-assessable non-exempt income under section 23AH of the ITAA 1936 (foreign branch profits of Australian companies). International Dealings Non Assessable Non Exempt Income Non Portfolio Dividend From Foreign Country Amount Non-assessable non-exempt income is a category of income now recognised by the income tax law. Non-assessable non-exempt income is not taken into account in working out a taxpayer's taxable income or tax loss for an income year, or in working out how much of a prior year tax loss is deductible in an income year. Non-portfolio dividend means a dividend (other than an eligible finance share dividend or a widely distributed finance share dividend) paid to a company where that company has a voting interest, within the meaning of section 334A, amounting to at least 10% of the voting power, within the meaning of that section, in the company paying the dividend. The amount of foreign income that is non-assessable non-exempt income under section 23AJ of the ITAA 1936 (non-portfolio dividend from foreign countries). International Dealings Non Assessable Non Exempt Income Paid Out Of Attributed Controlled Foreign Company Income Amount Non-assessable non-exempt income is a category of income now recognised by the income tax law. Non-assessable non-exempt income is not taken into account in working out a taxpayer's taxable income or tax loss for an income year, or in working out how much of a prior year tax loss is deductible in an income year. The amount of foreign income that is non-assessable non-exempt income under section 23AI of the ITAA 1936 (amounts paid out of attributed controlled foreign companies income). International Dealings Non Assessable Non Exempt Income Paid Out Of Attributed Foreign Investment Fund Amount Non-assessable non-exempt income is a category of income now recognised by the income tax law. Non-assessable non-exempt income is not taken into account in working out a taxpayer's taxable income or tax loss for an income year, or in working out how much of a prior year tax loss is deductible in an income year. The amount of foreign income that is non-assessable non-exempt income under section 23AK of the ITAA 1936 (amounts paid out to attributed foreign investment fund income). International Dealings Non Resident Participation In Capital Management Or Control Of Reporting Party Indicator Indicator to determine whether a non-resident party directly or indirectly participated in the reporting party's capital, management or control. To participate in the reporting party's capital, a non-resident party must have an equity interest of 10% or greater in that reporting party. International Dealings Non Resident Trust Non Australian Sourced Income No Present Entitlement Amount If the trust is a non-resident trust, show the amount of income derived outside of Australia to which no beneficiary is presently entitled. International Dealings Other Assets And Reserves Transferred From Controlled Foreign Company Or Controlled Foreign Trust Of Unlisted Country To Related Entity In Listed Country Indicator Indicator to determine whether transfers of other assets or reserves were made from any unlisted country Controlled Foreign Company or Controlled Foreign Trust to a related entity in a listed country. International Dealings Overseas Interests FT or CFE or FC or TT or FIF or FLP Indicator To indicate the reporting entity has an overseas branch or a direct or indirect interest in a foreign trust (FT), foreign company (FC), controlled foreign entity (CFE), transferor trust (TT), foreign investment fund (FIF) or foreign life policy (FLP). International Dealings Paid Up Capital Transferred From Controlled Foreign Company Or Controlled Foreign Trust Of Unlisted Country To Related Entity In Listed Country Indicator Indicator to determine whether transfers of paid up capital were made from any unlisted country Controlled Foreign Company or Controlled Foreign Trust to a related entity in a listed country. International Dealings Pricing Method Used For Acquisitions And Disposals Code 1: Nil consideration 2: Cost price 3: Written-down value 4: Discounted cash flow 5: Director's valuation 6: Independent valuation 7: Quoted market price 8: Other methods The method used for pricing acquisitions and disposals where the reporting party acquired capital assets from, or disposed of capital assests to related parties. International Dealings Provided Services Property Processes Rights Or Obligations For Nil Consideration Indicator These dealings may include providing services, transferring property (both tangible and intangible) or any similar dealings for nil consideration. Indicator to determine whether the reporting party has made any provision of services, transfer of assets (both tangible and intangible) or any similar dealings for which they received no consideration. International Dealings Public Offer Debt Exempt Interest Paid By A Trustee Amount The total amount of interest paid to non-residents that is exempt from interest withholding tax under section 128FA of the ITAA 1936. International Dealings Public Offer Debt Exempt Interest 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. International Dealings Received Or Provided Services Property Processes Rights Or Obligations For Non-Monetary Consideration Indicator These dealings may include providing services, transferring property (both tangible and intangible) or any similar dealings. The nature of the dealing in which the non-monetary consideration is provided may be a barter, swap, bonus or discount, or any type of similar agreement. Non-monetary consideration will generally include any consideration other than: - monetary payment - payment by cheque - telegraphic and bank-to-bank transfer of funds - inter-company loan account charges. In particular, debt-for-equity swaps and non-monetary settlements of inter-company loan accounts will be taken to be non-monetary consideration. Indicator to determine whether any non-monetary consideration has been given or received in any dealings. International Dealings Related Parties Transactions Excess Aggregate Value Indicator To indicate the aggregated amount of the transactions with international parties (including the value of any property or service transferred or the balance of any loans) greater than a specified amount. International Dealings Related Parties Transactions Indicator To indicate that the reporting entity has had transactions or dealings with international related parties (irrespective of whether they were on revenue or capital account). International Dealings Related Parties Count The number of international related parties where the dealings were international transactions, agreements or arrangements between related parties, between a permanent establishment and its head office or between two permanent establishments of the same reporting party. International Dealings Tax Spared Foreign Tax Credits Amount The amount of foreign tax credit relating to foreign tax forgone under an investment incentive scheme provided by a foreign government if that tax forgone is deemed to have been paid for the purposes of Australia's foreign tax credit system. International Dealings Transactions with Tax Haven Countries Indicator Indicates that the reporting entity has had transactions with certain countries specified as being tax havens International Dealings Transfer Beneficiary Or Interest In Discretionary Non Resident Trust Estate Indicator Indicator to determine whether: * a transfer of property or services has ever been made or caused to be made to a non-resident trust estate; or * the reporting party was a beneficiary of a non-resident trust estate; or * the reporting party had an interest in a non-resident trust estate, or was entitled to acquire an interest in a non-resident trust estate is a discretionary trust estate. International Dealings Transfer Of Property Or Services To Non Resident Trust Estate Indicator Indicator to determine whether a transfer of property or services has ever been made or caused to be made to a non-resident trust estate. International Dealings Transferor Trust Attributed Foreign Income Amount The amount of attributed foreign income from transferor trusts. A transferor trust is a trust where, having regard to all relevant circumstances, it would be reasonable to conclude that another entity is, or is likely to be, an attributable taxpayer in relation to the trust. International Dealings Unlisted Country Attributed Foreign Income Excluding Transferor Trusts Amount The income attributed from controlled foreign entities excluding transferor trusts of an unlisted country (countries that are not listed in Schedule 10 of the Income Tax Regulations). International Dealings Unlisted Country Attributed Foreign Income Including Transferor Trusts Amount The income attributed from controlled foreign entities and transferor trusts of an unlisted country (countries that are not listed in Schedule 10 of the Income Tax Regulations).