Explain the significance of the residency of a taxpayer

Reference no: EM133500770

Question 1: Explain the significance of the residency of a taxpayer and the source of income in relation to assessable income.

Question 2: Identify and describe each of the four residency tests to explain how residency is determined. In your response make reference to the relevant provisions of the ITAA36 and/or ITAA97.

Reference no: EM133500770

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