Vol 3 No 8
Issued
01 Apr 1992

TIB - April 1992

Corrections

In TIB Volume Three No.8 there was an article on a recent Disclosure Exemption issued by the Commissioner. Unfortunately, the last line of the article was missed off when it was printed.

The last paragraph should read:

An interest held in a foreign company will not generally have to be disclosed for that year, where that interest is not an “income interest of 10% or greater”, or where there is no requirement to attribute foreign income or loss under the CFC regime in relation to that company and any underlying foreign company.