Skip to main content
Reference
PUB00443
Open Date
14 Dec 2022
Closing Date
10 Feb 2023
Status
Current

Foreign investment fund (FIF) default calculation method

This QWBA explains that a person does not have a choice of calculation methods and must use a default method to calculate FIF income if they fail to declare the income in a tax return and later file a voluntary disclosure, or fail to file a tax return by the due date and later provide one with the income.

This item is particularly relevant for natural persons and eligible trustees.

If you would like a copy of this in Word, contact us using the feedback button below.