Trust Tax- Foreign Dividend showing as Other Foreign Income
Article ID
trust-tax-foreign-dividend-showing-as-other-foreign-income
Article Name
Trust Tax- Foreign Dividend showing as Other Foreign Income
Created Date
16th September 2022
Product
Problem
IRIS Trust Tax- Foreign Dividend showing as Other Foreign Income on the Tax return and on Tax comp- why?
Resolution
On the left side – go to Foreign, Additional information:
If you tick the box ‘Remittance basis’– it will change the Foreign dividend into Other Foreign income on the Tax return and Tax comp and be taxed differently.
Untick it and now check the Tax comp etc.
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