Section Sch50-“ 78F — Income Tax Act 2007: Time for providing information in relation to underlying foreign credits

“ 78F Time for providing information in relation to underlying foreign credits A taxpayer who has a tax credit for an amount of underlying foreign tax must provide to the Commissioner information that is necessary to verify a calculation of their credit under subpart LL of the Income Tax Act 2007 within— “ (a) 4 years after the end of the accounting year in which the person may first use the credit under section LA 2 of the Income Tax Act 2007; and “ (b) a further time that the Commissioner may allow, having regard to the time allowed for applications under section 78B. “ Compare: 2004 No 35 s LF 6(6) ” .