Taxation (International and Other Provisions) Act 2010 Explanatory Notes

Section 202: Election, in guarantee case, to pay tax rather than make balancing payments

405.This section allows the disadvantaged person in a guarantee case to elect to pay the tax of the advantaged person rather than to make a balancing payment within section 198. It is based on paragraphs 7B(2) and (4) and 7D(2) and (4) of Schedule 28AA to ICTA.

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