IT 2445W - Notice of Withdrawal
Income tax : the foreign tax credit system - the underlying tax credit
Notice of Withdrawal
Taxation Ruling IT 2445 is withdrawn with effect from today.
1. IT 2445 relates to the underlying foreign tax credit under former section 160AFC of the Income Tax Assessment Act 1936 (ITAA 1936).
2. IT 2445 is being withdrawn due to legislative amendments as section 160AFC of the ITAA 1936 has been repealed by the New International Tax Arrangements (Participation Exemption and Other Measures) Act 2004.
3. IT 2445 has no ongoing relevance and is therefore withdrawn without replacement.
Commissioner of Taxation
19 April 2017
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