Sentences with phrase «receive franking credits»

Not exact matches

However there is an interesting specialty with regard to dividends in Australia: They want to avoid double taxation of corporate profits and therefore every Australian holder of Australian stocks receives so called «Franking credits» when an Australian company pays dividends.

We send organisations a personalised Application for refund of franking credits form (NAT 4131) form in June of each year if they applied for and received a refund in the previous year.

Your organisation may also receive distribution statements showing a franked distribution and the amount of franking credits attached or included in the distribution amount.

This page answers general questions your organisation may have about applying for and receiving a refund of franking credits.

Organisations receiving a dividend from a New Zealand (NZ) company with Australian franking credits attached to it will be able to obtain a refund of those Australian franking credits.

Among the nation's largest institutional investors, super funds could not take advantage of the «excess» franking credits they were receiving.

The introduction of dividend imputation in 1987 removed the double taxation of dividends, with tax - resident Australian companies receiving a «franking credit» for tax paid at prevailing corporate tax rates.

Tax credit passed on to shareholders who receive partially or fully franked dividends.

Holders of self - funding instalment warrants receive dividends and franking credits from the underlying shares.

It's a bit like a lay - by, except you get all the benefits of owning the shares from day one, such as receiving dividends and franking credits.