IS 16/05
Issued
31 Oct 2016

Income tax - foreign tax credits - how to claim a foreign tax credit where the foreign tax paid is covered by a Double Tax Agreement

This interpretation statement explains how to claim a foreign tax credit when a foreign tax is covered by a Double Tax Agreement. The item includes a flowchart, which gives an overview of the foreign tax credit rules and the potential outcomes for taxpayers when a foreign tax is covered by a Double Tax Agreement, and when it is not. The interpretation statement is accompanied by a fact sheet.