V2500 - V2599

Explanation

There are no amounts entered at labels interest expenses overseas (Item 6 label J), royalty expenses overseas (Item 6 label U) and Section 46FA deductions for flow-on dividends (Item 7 label C) and offshore banking unit adjustment (Item 7 Label P) has not been completed and there is a 'No' response to the questions concerning whether the value of dealings with international related parties is greater than $2 million (International related party dealings Label Y) and whether the entity had either a direct or indirect interest in a foreign trust, foreign company, controlled foreign entity or transferor trust (Overseas interests Label Z) and there is a 'No' response to the question 'Did the thin capitalisation provisions affect you?' (Thin capitalisation Label O) and an International Dealings schedule is attached.

Form Type

EC I

Explanation

In Part A Where Label Z is less than $20,000 only Items 1 and 9 may be included in Label Z.

Form Type

BY

Explanation

Where Part A label Z is greater than or equal to $20,000 it must be equal to the sum of Part A Items 1 to 9.

Form Type

BY

Explanation

Part D Item 4 must be equal to the sum of Part A Item 6 Labels K and L.

Form Type

BY

Explanation

Non-refundable tax offset (Label A) must be equal to 38.5% of Label Z.

Form Type

BY,

Explanation

Non-refundable tax offset (Label A) must be equal to $38.5 million plus 30% of the amount of Label Z above $100 million.

Form Type

BY

Edit Test

(^ARA = NULL or ^ARA >= 01072016) and

^JLD # NULL and ^JYD <= 100000000 and

^JLD # ^JYD * 0.435 +/- 1

Explanation

Refundable tax offset (Label U) must be equal to 43.5% of Label Z.

Form Type

BY

Explanation

Refundable tax offset (Label U) must be equal to $43.5 million plus 30% of amount of label Z above $100 million.

Form Type

BY

Explanation

Part E Label U or Label A, but not both, must be completed.

Form Type

BY

Explanation

Where Do you have an aggregated turnover of $20 million or greater? (Part E Item 2) has been answered 'No', the table at Part E Item 3 must be completed.

Form Type

BY

Explanation

Refundable R&D tax offset may not be claimed if an amount of $20 million or more is shown at Aggregated turnover (Part E Label AT) or if either Do you have exempt entity ownership of 50% or greater? (Part E Item 1) or Do you have an aggregated turnover of $20 million or greater? (Part E Item 2) is answered 'Yes'.

Form Type

BY

Explanation

Where any item in a row of the table (Part E Item 3) is completed, all items in that row must be completed.

Form Type

BY

Explanation

Aggregated turnover (Part E Label AT) must be the total of Annual turnover for all entities included in the table plus Totals from additional table where applicable less Amounts excluded from aggregated turnover.

Form Type

BY

Explanation

Where the table (Part E Item 3) is completed, the lodging company must be included in the table.

Form Type

BY EC

Explanation

An amended R&D tax incentive schedule may only be attached to an amended main form.

Form Type

BY EC

Explanation

The R&D tax incentive schedule may only be completed if an amount greater than zero is claimed at Total notional R&D deductions (Part A Label Z).

Form Type

BY

Explanation

Taxpayer's Net farm management deposits or repayments (Item 17 Label E) not equal to Early repayments - natural disaster and drought (Item 17 Label N) plus Other repayments (Item 17 Label R) less Deductible deposits (Item 17 Label D).

Form Type

EI

Explanation

Taxpayer is ineligible to make deposits and claim deductions for deductible deposits (Item 17 label D) because taxpayer's non-primary production income exceeded the threshold amount.

Form Type

EI

Explanation

There is an amount entered in deductible farm management deposits and it should not exceed taxable primary production income.

Form Type

EI SI

Explanation

There is an amount entered in deductible farm management deposits and it should not exceed $800,000.

Form Type

EI SI

Explanation

If an amount at net farm management deposits or repayments (item 17 label E) is present then deductible deposits (item 17 label D) and/or one or more of the repayments (item 17 labels N, R) should be present and vice versa.

Form Type

EI SI

Explanation

If there is a 'No' response to 'Is the total of your international related party dealings over $2 million?' then no information should be entered for International related party dealings into Section A Questions 3 to 16 of the schedule.

Form Type

I

Explanation

If there is a 'Yes' response to 'Is the total of your international related party dealings over $2 million?' then all International related party dealings questions in Section A of the schedule must be completed.

Form Type

I

Explanation

If the foreign country codes have been completed then the response to 'Did you have dealings with international related parties, apart from dealings with related parties located in specified countries?' must be 'Yes'.

Form Type

I

Explanation

If there is a 'Yes' response to 'Did you have dealings with international related parties, apart from dealings with related parties located in specified countries?' then a foreign country code must be completed.

Form Type

I

Explanation

In question 3 a specific foreign country code has occurred more than once. Delete the duplicate code and input an alternative code.

Form Type

I

Edit Test

Any occurrence of ^JLM code occurs more than once.

Explanation

In question 3 a specific activity code has occurred more than once across the associated groups present for foreign country 1. Delete the duplicate code and input an alternative code or delete the associated group in which the duplicate code occurs.

Form Type

I

Edit Test

Any occurrence of ^JLS code occurs more than once.

Explanation

In question 3 a specific activity code has occurred more than once across the associated groups present for foreign country 2. Delete the duplicate code and input an alternative code or delete the associated group in which the duplicate code occurs.

Form Type

I

Edit Test

Any occurrence of ^JLY code occurs more than once.

Explanation

In question 3 a specific activity code has occurred more than once across the associated groups present for foreign country 3. Delete the duplicate code and input an alternative code or delete the associated group in which the duplicate code occurs.

Form Type

I

Explanation

For foreign country 1, if any of specified country code, activity code, expenditure, revenue or all other amounts have been completed, then specified country code, activity code and expenditure or revenue must all be completed.

Form Type

I

Explanation

For foreign country 2, if any of specified country code, activity code, expenditure, revenue or all other amounts have been completed, then specified country code, activity code and expenditure or revenue must all be completed.

Form Type

I

Explanation

For foreign country 3, if any of specified country code, activity code, expenditure, revenue or all other amounts have been completed, then specified country code, activity code and expenditure or revenue must all be completed.

Form Type

I

Explanation

If an expenditure or revenue amount is completed at Question 3 or Question 4, there must be at least one expenditure or revenue amount greater than zero at one of Questions 5, 6, 7, 8, 9, 10, 11 or 12.

Form Type

I

Explanation

If the specified country codes have been completed then the response to 'Did you have dealings with international related parties located in specified countries?' must be 'Yes'.

Form Type

I

Explanation

If there is a 'Yes' response to 'Did you have dealings with international related parties located in specified countries?' then the specified country code must be completed.

Form Type

I

Explanation

In question 4 a specific specified country code has occurred more than once. Delete the duplicate code and input an alternative code.

Form Type

I

Explanation

In question 4 a specific activity code has occurred more than once across the associated groups present for specified country 1. Delete the duplicate code and input an alternative code or delete the associated group in which the duplicate code occurs.

Form Type

I

Explanation

In question 4 a specific activity code has occurred more than once across the associated groups present for specified country 2. Delete the duplicate code and input an alternative code or delete the associated group in which the duplicate code occurs.

Form Type

I

Explanation

In question 4 a specific activity code has occurred more than once across the associated groups present for specified country 3. Delete the duplicate code and input an alternative code or delete the associated group in which the duplicate code occurs.

Form Type

I

Explanation

For specified country 1, if any of specified country code, activity code, expenditure, revenue or all other amounts have been completed, then specified country code, activity code and expenditure or revenue must all be completed.

Form Type

I

Explanation

For specified country 2, if any of specified country code, activity code, expenditure, revenue or all other amounts have been completed, then specified country code, activity code and expenditure or revenue must all be completed.

Form Type

I

Explanation

For specified country 3, if any of specified country code, activity code, expenditure, revenue or all other amounts have been completed, then specified country code, activity code and expenditure or revenue must all be completed.

Form Type

I

Explanation

If there is a 'Yes' response at 'Did you have dealings with international related parties located in specified countries?' on the IDS then the response at Overseas transactions - Transactions with specified countries on the main return must be 'Yes'.

Form Type

EC EP ET I

Explanation

If International related party dealings information has been completed for Tangible property of a revenue nature then the response to 'Did you have any international related party dealings involving tangible property of a revenue nature, including trading stock and raw materials?' must be 'Yes'.

Form Type

I

Explanation

If there is a 'Yes' response to 'Did you have any international related party dealings involving tangible property of a revenue nature, including trading stock and raw materials?' then expenditure or revenue, main pricing methodology code and percentage of dealings with documentation code must be completed.

Form Type

I

Explanation

If an expenditure amount has been completed at 'Tangible property of a revenue nature including trading stock and raw materials' (Question 5 Label C) on the IDS then Cost of sales (Question 6 label A) must be completed on the company return form.

Form Type

EC I

Explanation

If a revenue amount has been completed at 'Tangible property of a revenue nature including trading stock and raw materials' (Question 5 Label D) on the IDS then Other sales of goods and services (Question 6 label C) must be greater than zero on the company return form.

Form Type

EC I

Explanation

If International related party dealings information has been completed for royalties or licence fees then the response to 'Did you have international related party dealings involving royalties or licence fees?' must be 'Yes'.

Form Type

I

Explanation

If there is a 'Yes' response to 'Did you have international related party dealings involving royalties or licence fees?' then royalties or licence fee information must be completed.

Form Type

I

Explanation

If royalties information has been completed then deductions or income, main pricing methodology code and percentage of dealings with documentation code must be completed.

Form Type

I

Explanation

If licence fees information has been completed then deductions or income, main pricing methodology code and percentage of dealings with documentation code must be completed.

Form Type

I

Explanation

If a Royalties deduction amount (Question 6a Label C) has been completed on the IDS then Foreign resident withholding expenses (excluding capital gains) (Question 6 Label B) or Royalty expenses overseas (Question 6 Label U) must be greater than zero on the company return form.

Form Type

EC I

Explanation

If a Royalties deduction amount (Question 6a Label C) has been completed on the IDS then Royalty expenses overseas (Overseas transactions Label E) must be greater than zero on the partnership or trust return form.

Form Type

EP ET I

Explanation

If Royalties deductions (Question 6a Label C) has been completed on the IDS then it must be less than or equal to Royalty expenses overseas (Question 6 Label U) on the company return form.

Form Type

EC I

Explanation

If Royalties deductions (Question 6a Label C) has been completed on the IDS then it must be less than or equal to Royalty expenses overseas (Overseas transactions Label E) on the partnership or trust return form.

Form Type

EP ET I

Explanation

If International related party dealings information has been completed for rent or leasing then the response to 'Did you have any international related party dealings involving rent or leasing?' must be 'Yes'.

Form Type

I

Explanation

If there is a 'Yes' response to 'Did you have any international related party dealings involving rent or leasing?' then expenditure or revenue, main pricing methodology code and percentage of dealings with documentation code must be completed.

Form Type

I

Explanation

If Rent/leasing expenditure (Question 7 Label C) has been completed on the IDS then Lease expenses overseas (Question 6 Label I) or Rent expenses (Question 6 label H) must be greater than zero on the company return form.

Form Type

EC I

Explanation

If Rent/leasing revenue (Question 7 Label D) has been completed on the IDS then Gross rent and other leasing and hiring income (Question 6 Label G) must be greater than zero on the company return form.

Form Type

EC I

Explanation

If International related party dealings information has been completed for any service arrangements then the response to 'Did you have any service arrangements with international related parties?' must be 'Yes'.

Form Type

I

Explanation

If there is a 'Yes' response to 'Did you have any service arrangements with international related parties?' then service arrangements information must be completed.

Form Type

I

Explanation

If service arrangements information has been completed for treasury related services then expenditure or revenue, main pricing methodology code and percentage of dealings with documentation code must be completed.

Form Type

I

Explanation

If service arrangements information has been completed for management and administration services then expenditure or revenue, main pricing methodology code and percentage of dealings with documentation code must be completed.

Form Type

I

Explanation

If service arrangements information has been completed for insurance then expenditure or revenue, main pricing methodology code and percentage of dealings with documentation code must be completed.

Form Type

I

Explanation

If service arrangements information has been completed for reinsurance then expenditure or revenue, main pricing methodology code and percentage of dealings with documentation code must be completed.

Form Type

I

Explanation

If service arrangements information has been completed for research and development then expenditure or revenue, main pricing methodology code and percentage of dealings with documentation code must be completed.

Form Type

I

Explanation

If service arrangements information has been completed for sales and marketing services then expenditure or revenue, main pricing methodology code and percentage of dealings with documentation code must be completed.

Form Type

I

Explanation

If service arrangements information has been completed for software and information technology services then expenditure or revenue, main pricing methodology code and percentage of dealings with documentation code must be completed.

Form Type

I

Explanation

If service arrangements information has been completed for technical services then expenditure or revenue, main pricing methodology code and percentage of dealings with documentation code must be completed.

Form Type

I

Explanation

If service arrangements information has been completed for logistics then expenditure or revenue, main pricing methodology code and percentage of dealings with documentation code must be completed.

Form Type

I

Explanation

If service arrangements information has been completed for asset management then expenditure or revenue, main pricing methodology code and percentage of dealings with documentation code must be completed.

Form Type

I

Explanation

If service arrangements information has been completed for other services then expenditure or revenue, main pricing methodology code, percentage of dealings with documentation code and description must be completed.

Form Type

I

Explanation

If International related party dealings information has been completed for derivative transactions then the response to 'Did you have any derivative transactions with international related parties?' must be 'Yes'.

Form Type

I

Explanation

If there is a 'Yes' response to 'Did you have any derivative transactions with international related parties?' then expenditure or revenue, main pricing methodology code, percentage of dealings with documentation code and principal derivative type code must be completed, and a response must be entered at 'Did you engage in the trading of derivatives globally through a trading structure in which you shared global profits from these activities with international related parties?'.

Form Type

I

Explanation

In derivative transactions information the same principal derivative type code has been entered more than once. Each derivative code can only appear once.

Form Type

I

Explanation

If International related party dealings information has been completed for debt factoring or securitisation then the response to 'Did you enter into any debt factoring or securitisation arrangements with international related parties?' must be 'Yes'.

Form Type

I

Explanation

If there is a 'Yes' response to 'Did you enter into any debt factoring or securitisation arrangements with international related parties?' then debt factoring or securitisation information must be completed.

Form Type

I

Explanation

If debt factoring information has been completed then book value or consideration, main pricing methodology code and percentage of dealings with documentation code must be completed.

Form Type

I

Explanation

If securitisation information has been completed then book value or consideration, main pricing methodology code and percentage of dealings with documentation code must be completed.

Form Type

I

Explanation

If International related party dealings information has been completed for financial dealings for amounts borrowed, amounts loaned, interest, guarantees, insurance, reinsurance, other financial dealings or the question 'Have you returned a foreign exchange gain or deducted a foreign exchange loss in relation to dealings with international related parties' has been answered 'Yes' then the response to 'Did you have any dealings of a financial nature with international related parties?' must be 'Yes'.

Form Type

I

Explanation

If there is a 'Yes' response to 'Did you have any dealings of a financial nature with international related parties?' then financial dealings information for amounts borrowed, amounts loaned, interest, guarantees, insurance, reinsurance or other financial dealings must be completed or the question 'Have you returned a foreign exchange gain or deducted a foreign exchange loss in relation to dealings with international related parties?' must be answered 'Yes'.

Form Type

I

Explanation

If dealings of a financial nature information has been completed for interest bearing loans, either amounts borrowed or amounts loaned, then an expenditure or revenue amount must be completed for interest.

Form Type

I

Explanation

If dealings of a financial nature information has been completed for interest then expenditure or revenue, main pricing methodology code and percentage of dealings with documentation code must be completed.

Form Type

I

Explanation

If dealings of a financial nature information has been completed for guarantees then expenditure or revenue, main pricing methodology code and percentage of dealings with documentation code must be completed.

Form Type

I

Explanation

If dealings of a financial nature information has been completed for insurance then expenditure or revenue, main pricing methodology code and percentage of dealings with documentation code must be completed.

Form Type

I

Explanation

If dealings of a financial nature information has been completed for reinsurance then expenditure or revenue, main pricing methodology code and percentage of dealings with documentation code must be completed.

Form Type

I

Explanation

If dealings of a financial nature information has been completed for other financial dealings then expenditure or revenue, main pricing methodology code, percentage of dealings with documentation code and description must be completed.

Form Type

I

Explanation

If Interest revenue (Question 11c Label D) has been completed on the IDS then Gross interest or Gross payments subject to foreign resident withholding (excluding capital gains) (Question 6 Labels B or F) must be greater than zero on the company return form.

Form Type

EC I

Explanation

If International related party dealings information has been completed for other dealings of a revenue nature then the response to 'Did you have any other international related party dealings of a revenue nature?' must be 'Yes'.

Form Type

I

Explanation

If there is a 'Yes' response to 'Did you have any other international related party dealings of a revenue nature?' then expenditure or revenue, main pricing methodology code, percentage of dealings with documentation code and description must be completed.

Form Type

I

Explanation

If International related party dealings information has been completed for tangible or intangible property then the response to 'Did you dispose of or acquire any tangible/intangible property of a non-revenue (capital) nature to or from international related parties?' must be 'Yes'.

Form Type

I

Explanation

If there is a 'Yes' response to 'Did you dispose of or acquire any tangible/intangible property of a non-revenue (capital) nature to or from international related parties?' then tangible or intangible property information must be completed.

Form Type

I

Explanation

If tangible property information has been completed then consideration paid or consideration received, main capital asset pricing methodology code and percentage of dealings with documentation code must be completed.

Form Type

I

Explanation

 If Assignment of intellectual property information has been completed then consideration paid or consideration received, main capital asset pricing methodology code and percentage of dealings with documentation code must be completed.

Form Type

I

Explanation

If Assignment of shares or other equity interests information has been completed then consideration paid or consideration received, main capital asset pricing methodology code and percentage of dealings with documentation code must be completed.

Form Type

I

Explanation

If Assignment of loans or debts (not liabilities) information has been completed then consideration paid or consideration received, main capital asset pricing methodology code and percentage of dealings with documentation code must be completed.

Form Type

I

Explanation

If Other intangible property information has been completed then consideration paid or consideration received, main capital asset pricing methodology code and percentage of dealings with documentation code must be completed.

Form Type

I

Explanation

If International related party dealings information has been completed for No payment or non-monetary payment then the response to 'Did you provide any of the following for no payment or a non-monetary payment, or receive any of the following for a non-monetary payment to/from an international related party?' must be 'Yes'.

Form Type

I

Explanation

If there is a 'Yes' response to 'Did you provide any of the following for no payment or a non-monetary payment, or receive any of the following for a non-monetary payment to/from an international related party?' then No payment or non-monetary payment information must be completed.

Form Type

I

Explanation

If capital No payment information has been completed then both foreign country code and nature of item code must be completed.

Form Type

I

Explanation

If revenue No payment information has been completed then both foreign country code and nature of item code must be completed.

Form Type

I

Explanation

If capital non-monetary payment information has been completed then both foreign country code and nature of item code must be completed.

Form Type

I

Explanation

If revenue non-monetary payment information has been completed then both foreign country code and nature of item code must be completed.

Form Type

I

Explanation

If International related party dealings information has been completed for recharge amounts then the response to 'Did you provide or receive share-based employee remuneration to or from an international related party?' must be 'Yes'.

Form Type

I

Explanation

If there is a 'Yes' response to 'Did you provide or receive share-based employee remuneration to or from an international related party?' then recharge amounts information must be completed.

Form Type

I

Explanation

If there is a 'No' response to 'Did a restructuring event occur in the current year involving international related parties or your branch operations?' then restructuring event information should not be completed.

Form Type

I

Explanation

If there is a 'Yes' response to 'Did a restructuring event occur in the current year involving international related parties or your branch operations?' then restructuring event information must be completed.

Form Type

I

Explanation

If information has been completed for restructuring events, then for each restructuring event the entity/branch indicator, capital value code, main nature of restructure code, foreign country code, percentage of dealings with documentation code and description must be completed, and a response must be entered at 'Was there a contemporaneous professional valuation study or transfer pricing analysis of the restructuring event undertaken?'.

Form Type

I

Explanation

If there is a 'No' response to 'Do you have any branch operations (including Australian branch operations if you are a non-resident)?' then amounts claimed or returned for internally recorded dealings with branch operations should not be completed.

Form Type

I

Explanation

If there is a 'Yes' response to 'Do you have any branch operations (including Australian branch operations if you are a non-resident)?' then amounts claimed or returned for internally recorded dealings with branch operations must be completed.

Form Type

I

Explanation

If internally recorded dealings with branch operations information has been completed for interest bearing loans, either amounts borrowed average balance or amounts borrowed interest, then both of these must be completed.

Form Type

I

Explanation

If internally recorded dealings with branch operations information has been completed for other internally recorded dealings, either amounts claimed or amounts returned, then a description of the amounts claimed/returned must be completed.

Form Type

I

Explanation

If there is a 'No' response to 'Did you hold any financing arrangements during the income year?' then average quarterly balance of debt interests or equity interests information should not be completed.

Form Type

I

Explanation

If there is a 'Yes' response to 'Did you hold any financing arrangements during the income year?' then average quarterly balance of debt interests or equity interests information must be completed.

Form Type

I

Explanation

If there is a 'No' response to 'Are you subject to the Taxation of Financial Arrangements rules contained in Division 230 of the ITAA 1997?' then the tax timing method elections you have made should not be completed.

Form Type

I

Explanation

If there is a 'Yes' response to 'Are you subject to the Taxation of Financial Arrangements rules contained in Division 230 of the ITAA 1997?' then the tax timing method elections you have made must be completed.

Form Type

I

Explanation

If the tax timing method election for 'No elections made' is selected then no other tax timing method election should be completed.

Form Type

I

Explanation

If there is a 'No' response to 'Did you have any interests in controlled foreign companies (CFCs) or controlled foreign trusts (CFTs)?' then the number of CFCs and CFTs which you had an interest in and amounts included in assessable income under sections 456, 457 or 459A should not be completed, and a response at 'Did you have a CFC that was a resident of an unlisted country that provided a benefit (as defined in section 47A of the ITAA 1936), either directly or indirectly, to you or any of your related entities at any time during the income year?' should not be completed.

Form Type

I

Explanation

If there is a 'Yes' response to 'Did you have any interests in controlled foreign companies (CFCs) or controlled foreign trusts (CFTs)?' then the number of CFCs and CFTs which you had an interest in and amounts included in assessable income under sections 456, 457 or 459A must be completed, and a response at 'Did you have a CFC that was a resident of an unlisted country that provided a benefit (as defined in section 47A of the ITAA 1936), either directly or indirectly, to you or any of your related entities at any time during the income year?' must be completed.

Form Type

I

Explanation

Listed country, Unlisted country or Transferor trust (Item 8 Labels B, U or V) has been completed on the company return form and the number of controlled foreign companies or trusts (Question 21) on the IDS has not been shown. Show zero at Question 21 Labels B, C or D on the IDS if at the end of your income year you no longer held an interest in CFCs or CFTs.

Form Type

EC I

Explanation

Listed country or Unlisted country (Item 22 Labels M or X) has been completed on the partnership or trust return form and the number of controlled foreign companies or trusts (Question 21) on the IDS has not been shown. Show zero at Question 21 Labels B, C or D on the IDS if at the end of your income year you no longer held an interest in CFCs or CFTs.

Form Type

EP ET I

Explanation

If Interests in foreign entities information has been completed for amounts included in assessable income under section 456 then the section 456 total should equal the sum of listed countries, specified countries and other unlisted countries.

Form Type

I

Explanation

The sum of amounts at attributable income of controlled foreign companies and controlled foreign trusts (Question 22 Labels D, E and F) on the IDS should be equal to or less than the sum of amounts at Listed country and Unlisted country (Item 22 Labels M and X) on the partnership or trust return form.

Form Type

EP ET I

Explanation

The sum of amounts at attributable income of controlled foreign companies and controlled foreign trusts (Question 22 Labels D, E and F) on the IDS should be equal to or greater than the sum of amounts at Listed country and Unlisted country (Item 8 Labels B and U) and equal to or less than the sum of amounts at Listed country, Unlisted country and Transferor trust (Item 8 Labels B, U and V) on the company return form.

Form Type

EC I

Explanation

Assessable income of controlled foreign companies and controlled foreign trusts under section 456 for Listed countries (Question 22 Label A) on the IDS should be equal to or less than Attributed foreign income - Listed country on the main return.

Form Type

EC EP ET I

Explanation

If assessable income of controlled foreign companies and controlled foreign trusts under sections 456, 457 or 459A (Question 22 Labels D, E or F) has been completed on the IDS then the response to the Overseas interests question (Item 28 Label Z) on the company return form must be 'Yes'.

Form Type

EC I

Explanation

If there is a 'No' response to 'Do you have foreign branch operations or any direct or indirect interests in foreign companies or foreign trusts?' (Question 24) then the non-assessable foreign income derived under sections 23AH, 23AI or subdivision 768-A should not be completed and responses at Questions 25 and 26 should not be completed.

Form Type

I

Explanation

If there is a 'Yes' response to 'Do you have foreign branch operations or any direct or indirect interests in foreign companies or foreign trusts?' then the non-assessable foreign income derived under sections 23AH, 23AI or subdivision 768-A must be completed and responses at Questions 25 and 26 must be completed.

Form Type

I

Explanation

If interests in foreign entities information has been completed for non-assessable foreign income derived under sections 23AH, 23AI or subdivision 768-A then the total foreign non-assessable income should equal the sum of section 23AH, 23AI and subdivision 768-A income amounts.

Form Type

I

Explanation

If Interests in foreign entities information has been completed for debt deductions in earning non-assessable non-exempt foreign income claimed under s25-90 or 230-15(3) then the response to 'Did you have any debt deductions in earning non-assessable non-exempt foreign income (s25-90 or 230-15(3))?' must be 'Yes'.

Form Type

I

Explanation

If there is a 'Yes' response to 'Did you have any debt deductions in earning non-assessable non-exempt foreign income (s25-90 or 230-15(3))?' then debt deductions in earning non-assessable non-exempt foreign income claimed under s25-90 or 230-15(3) must be completed.

Form Type

I

Explanation

If Debt deductions in earning non-assessable non-exempt foreign income claimed under s25-90 or 230-15(3) (question 25 Label B) has been completed on the IDS then Interest expenses within Australia or Interest expenses overseas (Item 6 Labels V or J) must be greater than zero on the company return form.

Form Type

EC I

Explanation

If Debt deductions in earning non-assessable non-exempt foreign income claimed under s25-90 or 230-15(3) (question 25 Label B) has been completed on the IDS then Total interest expenses (Item 5 Label I) or Other deductions (Item 18) or Interest expenses overseas (Overseas transactions Label D) must be greater than zero on the partnership or trust return form.

Form Type

EP ET I

Explanation

If Interests in foreign entities information has been completed for capital gain/loss amounts or capital gain/loss reductions then the response to 'Did you have any capital gains tax (CGT) events in relation to your interest in a foreign company?' must be 'Yes'.

Form Type

I

Explanation

If there is a 'Yes' response to 'Did you have any capital gains tax (CGT) events in relation to your interest in a foreign company?' then capital gain/loss amounts or capital gain/loss reductions must be completed.

Form Type

I

Explanation

If interests in foreign entities information has been completed for capital gains tax events, then the capital gains reductions must not be greater than the capital gains amounts.

Form Type

I

Explanation

If interests in foreign entities information has been completed for capital gains tax events, then the capital loss reductions must not be greater than the capital loss amounts.

Form Type

I

Explanation

If there is a 'Yes' response to 'Did you have any capital gains tax (CGT) events in relation to your interest in a foreign company?' (Question 26 Label A) on the IDS then a 'Yes' response is required at 'Did you have a CGT event during the year?' (company Item 7 label G, trust Item 21 label G) on the main return.

Form Type

EC ET I

Explanation

If Capital gain amounts (Question 26 Label B) has been completed on the IDS then Net capital gain (company Item 7 Label A, trust Item 21 Label A) must be completed on the main return.

Form Type

EC ET I

Explanation

If there is a 'No' response to 'During the last three income years, including the current income year, did you directly or indirectly transfer property, money or services to a non-resident trust, where that non-resident trust was still in existence during that income year?' then transfer amount and exemption code should not be completed.

Form Type

I

Explanation

If there is a 'Yes' response to 'During the last three income years, including the current income year, did you directly or indirectly transfer property, money or services to a non-resident trust, where that non-resident trust was still in existence during that income year?' then at least one occurrence of transfer amount and exemption code must be completed.

Form Type

I

Explanation

If there is a 'Yes' response to 'During the last three income years, including the current income year, did you directly or indirectly transfer property, money or services to a non-resident trust, where that non-resident trust was still in existence during that income year?' then transfer amount and exemption code must be completed.

Form Type

I

Explanation

If there is a 'No' response to 'Were you a partner in a foreign hybrid limited partnership (FHLP) or shareholder in a foreign hybrid company (FHC)?' then the number of FHLPs or FHCs you had an interest in and the total amount of your share of net income/distribution of profit should not be completed.

Form Type

I

Explanation

If there is a 'Yes' response to 'Were you a partner in a foreign hybrid limited partnership (FHLP) or shareholder in a foreign hybrid company (FHC)?' then both the number of FHLPs or FHCs you had an interest in and the total amount of your share of net income/distribution of profit must be completed.

Form Type

I

Explanation

If Total amount of your share of net income/distribution of profit (Question 29 Label C) has been completed on the IDS then Other assessable income (Item 7 Label B) must be completed on the company return form.

Form Type

EC I

Explanation

If Total amount of your share of net income/distribution of profit (Question 29 Label C) has been completed on the IDS then the Gross Other assessable foreign source income (Item 23 Label B) must be completed on the partnership or trust return form.

Form Type

EP ET I

Explanation

If there is a 'No' response to 'Did the thin capitalisation rules affect you?' then no information should be entered into Section D of the schedule.

Form Type

I

Explanation

If there is a 'Yes' response to 'Did the thin capitalisation rules affect you?' then a response must be entered for 'Has an Australian resident company elected under subdivision 820-FB of the ITAA 1997 to treat your qualifying Australian branch operations as part of a consolidated group, MEC group or a single company for thin capitalisation purposes?'.

Form Type

I

Explanation

If there is a 'Yes' response to 'Did the thin capitalisation rules affect you?' (Question 30 Label A) on the IDS then a 'Yes' response is required at 'Did the thin capitalisation provisions affect you?' (Item 29 Label O) on the company return form.

Form Type

EC I

Explanation

If there is a 'No' response to 'Has an Australian resident company elected under subdivision 820-FB of the ITAA 1997 to treat your qualifying Australian branch operations as part of a consolidated group, MEC group or a single company for thin capitalisation purposes?' then the Australian Business Number (ABN) should not be completed and all subsequent questions in Section D should be completed.

Form Type

I

Explanation

If there is a 'Yes' response to 'Has an Australian resident company elected under subdivision 820-FB of the ITAA 1997 to treat your qualifying Australian branch operations as part of a consolidated group, MEC group or a single company for thin capitalisation purposes?' then the Australian Business Number (ABN) should be completed and all subsequent questions in Section D should not be completed.

Form Type

I

Explanation

If there is a 'Yes' response to 'Has an Australian resident company elected under subdivision 820-FB of the ITAA 1997 to treat your qualifying Australian branch operations as part of a consolidated group, MEC group or a single company for thin capitalisation purposes?' (Question 31 Label A) on the IDS then the residency status at Status of company (Item 3 Label C) must be 3 (non-resident with permanent establishment) on the company return form.

Form Type

EC I

Explanation

If the entity type at the end of the income year has been completed then 'General information - Amount of debt deduction disallowed' must be completed. Enter zero if there is no debt deduction disallowed calculated.

Form Type

I

Explanation

If entity is a non-authorised deposit taking institution (non-ADI) and 'General information - Amount of debt deduction disallowed' is greater than zero then 'General information - Debt deductions' and 'All non-ADI entities - Excess debt amount' must be greater than zero.

Form Type

I

Explanation

If entity is an authorised deposit taking institution (ADI) and 'General information - Amount of debt deduction disallowed' is greater than zero then 'All ADI entities - Equity capital shortfall amount' must be greater than zero.

Form Type

I

Explanation

If entity is a non-authorised deposit taking institution (non-ADI) and 'What was your entity type at the end of the year?' is either 9 or 10 then 'Statement worldwide assets' and 'Average Australian assets' must be completed.

Form Type

I

Explanation

If 'All non-ADI entities - excess debt amount' is greater than zero then 'General information - debt deductions' and 'General information - amount of debt deduction disallowed' must be greater than zero.

Form Type

I

Explanation

If the answer to 'Did the thin capitalisation rules affect you?' is 'Yes' and 'Debt deductions in earning non-assessable non-exempt foreign income claimed under s25-90 or 230-15(3)' (Interests in foreign entities) is greater than zero then it must be less than or equal to 'General information - Debt deductions' (Thin capitalisation).

Form Type

I

Explanation

If 'General information - Debt deductions on debt from related non-residents' is greater than zero then it must be less than or equal to 'General information - Debt deductions'.

Form Type

I

Explanation

If Thin capitalisation information has been completed for all ADI entities, outward investing ADI or inward investing ADI then the response to 'Were you an authorised deposit taking institution (ADI) for the income year?' must be 'Yes'.

Form Type

I

Explanation

If there is a 'Yes' response to 'Were you an authorised deposit taking institution (ADI) for the income year?' then all applicable ADI entities, outward investing ADI or inward investing ADI information must be completed.

Form Type

I

Explanation

If 'All ADI entities - (adjusted) average equity capital' is greater than zero then the entity type at the end of the income year must be 7 or 8.

Form Type

I

Explanation

If there are amounts greater than zero for Outward investing ADI - average value of risk weighted assets, Outward investing ADI at 'Equity capital attributable to overseas permanent establishment(s)' or 'Average value of controlled foreign entity equity' or 'Tier 1 prudential capital deductions', then the entity type at the end of the income year must be 7.

Form Type

I

Explanation

If there are amounts greater than zero for Inward investing ADI at 'Average of risk weighted assets attributable to Australian permanent establishment(s)' or 'Average value of dotation capital', then the entity type at the end of the income year must be 8.

Form Type

I

Explanation

If Thin capitalisation information has been completed for all non-ADI entities, financial entity or outward investing entity then the response to 'Were you a non-authorised deposit taking institution (non-ADI) for the income year?' must be 'Yes'.

Form Type

I

Explanation

If there is a 'Yes' response to 'Were you a non-authorised deposit taking institution (non-ADI) for the income year?' then all applicable non-ADI entities, financial entity or outward investing entity information must be completed.

Form Type

I

Explanation

If there are amounts greater than zero for All non-ADI entities at any of 'Average value of: assets, non-debt liabilities, associate entity debt, associate entity equity, associate entity excess amount' then the entity type at the end of the income year must be 1, 2, 3, 4, 5, 6, 9, 10.

Form Type

I

Explanation

If there are amounts greater than zero for Financial entity at 'Average zero capital amount' or 'Average on-lent amount' then the entity type at the end of the income year must be 2, 4, 6 or 10.

Form Type

I

Explanation

If there are amounts greater than zero for Outward investing entity at 'Average value of controlled foreign entity equity' or 'Average value of controlled foreign entity debt' then the entity type at the end of the income year must be 1, 2, 9 or 10.

Form Type

I