Jkim
Excess franking credits ARE paid back to individuals (and super funds).
If Taxpayer A has tax payable of $1,000 and franking credits of $1,500, then they pay $0 tax and they will get $500 from the ATO.
If taxpayer A has tax payable of $0 and $1,000 in franking credits, then they will get $1,000 from the ATO.
Cdchi1
- Forums
- Political Debate
- company tax reduction is a fraud
company tax reduction is a fraud, page-7
-
- There are more pages in this discussion • 3 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Featured News
The Watchlist
CCO
THE CALMER CO INTERNATIONAL LIMITED
Anthony Noble, CEO
Anthony Noble
CEO
SPONSORED BY The Market Online