MEU

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4.1¢ marmota limited

JMEI Tax Credits Document, page-11

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Fitzy888

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28/10/20

20:44

Post #: 48469692
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Originally posted by Kancha: ↑

thank you Fitzy,

I send an email to Dr. Rose, yesterday and got a very nice email back, appreciating for being shareholder.
below is his reply,
In answer to your question:

Shares purchased in the Nov/Dec 2019 SPP relate to the financial year from July 2019 to June 2020. Once the financial year is complete (done), and the company has issued its annual financial statements and Annual Report for the June 2020 year (just done yesterday!), and the company has lodged its own tax return, the tax office can calculate the credit due to shareholders participating in capital raisings under the JMEI program. Once the ATO has processed that, the tax office authorises the size of the JMEI credits that can be issued back to eligible shareholders.

For the previous 2018-2019 year, we got these credits out in December 2019, so hopefully the JMEI tax credits for the year to June 2020 will be issued in December 2020. I am sorry that there is still a wait involved, but the benefits are significant, essentially 'tax free' (in the sense that they are tax credits that should not, as I recall, affect or increase your taxable income), and well worth waiting for.

There is no action you need to take - we just have to wait for the necessary steps to fall into place. In Dec 2020, Marmota will mail you a form stating your JMEI tax credits, which you can provide the tax office thanks to your investment in Marmota via the SPP.

Do hope this helps in explaining the process. If I can provide any further detail, please do not hesitate to get in touch.

By the way, you can still lodge your tax return now (if you wish to), and then file an amendment when the JMEI credits come out (to get the refund).

Expand

Glad I could help and you found the answers you were seeking. I've had dealings with the Dr Rose myself. Genuine guy. We are in great hands. Best of luck.

Fitzy

Last edited by Fitzy888: 28/10/20

MEU Price at posting: 4.6¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 4.1¢		Change -0.002(4.65%)		Mkt cap ! $44.54M

Open	High	Low	Value	Volume
4.1¢	4.1¢	4.0¢	$64.13K	1.579M

Buyers (Bids)

No.	Vol.	Price($)
5	315901	4.0¢

Sellers (Offers)

Price($)	Vol.	No.
4.1¢	120172	2

View Market Depth

No.	Vol.	Price($)
5	315901	0.040
2	75640	0.039
2	120000	0.038
1	100000	0.037
1	205000	0.035

Price($)	Vol.	No.
0.041	120172	2
0.042	300000	1
0.043	18000	1
0.044	164994	2
0.045	215109	2

Last trade - 15.20pm 02/08/2024 (20 minute delay)

MEU (ASX) Chart

JMEI Tax Credits Document, page-11

Westgold sets its sights on top five producer status through merger with Karora

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Vmoto sales plummet -50% YoY as weak demand in Europe & China stifles EV scooter sales growth

Uranium prices on the NYMEX are stable, but ASX uranium stocks are sinking on Friday. The answer lies in Kazakhstan

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JMEI Tax Credits Document, page-11

Top Stories

Westgold sets its sights on top five producer status through merger with Karora

Collaboration in a green (steel) future the focus for Magnum and Saudi partners

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GreenX picks up prospective copper project in Germany

Venture to sniff out high-grade REE targets at Jupiter project, WA

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Vmoto sales plummet -50% YoY as weak demand in Europe & China stifles EV scooter sales growth

Uranium prices on the NYMEX are stable, but ASX uranium stocks are sinking on Friday. The answer lies in Kazakhstan

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Is oil undervalued?

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News