Paragraph 32 Substance based income exclusion: permanent establishments and flow-through entities

In section 195 (substance based income exclusion), for subsection (8) substitute—

“(8)

Section 198 supplements the rules in sections 196 and 197 in relation to a member that is a permanent establishment.

(9)

Section 198ZA supplements the rules in sections 196 and 197 in relation to a member that is a flow-through entity.”