Section OB 29 — Income Tax Act 2007: ICA payment of schedular income tax

OB 29 ICA payment of schedular income tax Credit (1) An Australian ICA company has an imputation credit for a payment of income tax relating to the company’s schedular income tax liability for income derived under section CR 3 (Income of non-resident general insurer) or CV 16 (Non-resident shippers) (which relate to non-resident insurers, shippers, and film renters). Table reference (2) The imputation credit in subsection (1) is referred to in table O1: imputation credits, row 27 (payment of schedular income tax). Credit date (3) The credit date is the day the schedular income tax is paid. Defined in this Act: Australian ICA company , company , imputation credit , income , pay , schedular income , Compare: 2004 No 35 s ME 4(1B)(c), (2B)(c) Section OB 29(1): amended, on 2 November 2012, by section 130 of the Taxation (Annual Rates, Returns Filing, and Remedial Matters) Act 2012 (2012 No 88).