Page 107 - P6 Slide Taxation - Lecture Day 7 - Various Topics

Calculation of the rebate

Where:

• X = Limitation of the rebate

• A = Normal tax payable by the resident

• B = Amounts included in the resident’s

taxable income that qualified for a foreign tax

rebate (s 6 quat (1))

• C = Resident’s total taxable income

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