DT2653 - Double Taxation Relief Manual: Guidance by country: Australia: Admissible taxes
The following Australian taxes are admissible for credit in the UK under the convention:
- income tax (including the additional tax on the undistributed amount of the distributable income of a private company)
- fringe benefits tax from 1st April 2004. (See DT2659A)
- petroleum resource rent tax (PRRT) from 1st July 2004
The following Australian taxes are admissible for credit under unilateral relief:
- Victorian taxation equivalent, to the extent that it is calculated by reference to Australian (that is, federal) income tax
The following Australian taxes are inadmissible under the convention:
- fringe benefits tax up to 30th June 2004. (See DT2659A)
- petroleum resource rent tax (PRRT) up to 31st March 2004
- financial institutions duty (New South Wales)
- New South Wales land tax