Document ID: chunk:federal_register_of_legislation:C2024A00134:clause:1_24
Version: federal_register_of_legislation:C2024A00134
Segment Type: clause
Provision Reference: sch 1 cl 24
Character Range: 10951–11485

24  At the end of Subdivision 830‑A
Add:

830‑17  References to foreign income tax in section 830‑10 or 830‑15 do not include certain taxes
 (1) Treat a reference in section 830‑10 or 830‑15 to foreign income tax as not including any of the following:
 (a) *credit absorption tax;
 (b) *unitary tax;
 (c) *foreign GloBE tax or other foreign minimum tax.
 (2) Foreign minimum tax mentioned in paragraph (1)(c) includes a tax specified in regulations made for the purposes of paragraph 393(2)(c) of the Income Tax Assessment Act 1936.