Section OP 25 — Income Tax Act 2007: Consolidated ICA non-resident withholding tax withheld

OP 25 Consolidated ICA non-resident withholding tax withheld Credit (1) A consolidated imputation group that includes an Australian ICA company has an imputation credit for an amount of non-resident passive income derived by the company from which non-resident withholding tax (NRWT) is withheld. Table reference (2) The imputation credit in subsection (1) is referred to in table O19: imputation credits of consolidated imputation groups, row 20 (NRWT paid). Credit date (3) The credit date is the day the amount of tax is withheld. Defined in this Act: amount , Australian ICA company , consolidated imputation group , imputation credit , non-resident passive income , NRWT , pay , Compare: 2004 No 35 s ME 11(1B)(a), (2B)(a)