Private ruling: International Organisations privileges and immunities
Published: September 2013

Ruling: Under its domestic law Australia declares its right to impose income tax generally on the world-wide income of Australian residents (as defined in the ITAA) and on the Australian source income of non-residents. Departure from these principles, in the form of privileges and immunities, are contained in specific provisions of Australia's domestic law. | An International Organisation may be accorded privileges and immunities in the nature of exemption from income tax to the extent described in the First Schedule to the International Organizations (Privileges and Immunities) Act 1963 (IO(P+I)A). | Exemption from liability to tax (other than importation or exportation duties) may be provided for the organisation, its income, property, assets and transactions and the organisation may be exempt from the liability to collect taxes. Exemption from taxes may also be provided for in paragraph 7 of the First Schedule of the IO (P+I) A | The international organisation satisfies the conditions set out in its regulations.