Foreign sourced income
Statement Purpose
This statement calculates the total consolidated
foreign sourced income
component amount for tax purposes (including foreign sourced income components of trust distributions).Data Flow
Foreign sourced income amounts are linked from other statements, including
Income statement
, Other tax adjustments
, Interest reconciliation
, Dividend reconciliation
, and Distributions entitlement summary
.Any foreign sourced income adjustment amounts made at the entity level within the group are displayed in this schedule.
Any group-level adjustments to the foreign sourced income class can be input manually through the
other
field, which is for adjustments and will be automatically added to or deducted from taxable income in the Tax reconciliation income
statement.Explanation of Fields
The withholding tax gross-up is linked to the
Withholding tax - dividend
line item in the Income statement
, and from the Distribution entitlement summary
statement.Any other adjustments to the foreign sourced income class can be input manually through the
other
field, which is for adjustments and will be automatically added to or deducted from taxable income in the Tax reconciliation income
statement.Signage
- Increases to the assessable foreign sourced income amount are entered as positive amounts.
- Decreases to the assessable foreign sourced income amount are entered as negative amounts.