SCHEDULES
SCHEDULE 2Venture capital schemes
Interpretation
3
1
Chapter 1 of Part 16 of ITA 2007 (definitions) is amended as follows.
2
In section 989 (the definitions), omit the definition of “permanent establishment”.
3
After section 1007 insert—
1007AMeaning of “permanent establishment”
1
In the Income Tax Acts “permanent establishment”, in relation to a company, is to be read in accordance with Chapter 2 of Part 24 of CTA 2010.
2
This section does not apply for the purposes of—
a
Part 5 of this Act (see instead section 191A), or
b
Chapter 4 of Part 6 of this Act (see instead section 302A).