Create Australia Refund Consulting Reviews | Franking Credits Brief Description

Things You Must Know About Franking Credits

Create Australia Refund Consulting Reviews

What is Franking Credits?

The amount of the franking credit is equal to the tax paid on the share of an individual in the company’s profit before its distribution as dividend.

To join Create Australia Refund Consulting Reviews business you must know about such basic things as it helps you to guide and help your customers.

How does it work?

When the company has already paid tax on the dividend, it is necessary to protect shareholder from paying double tax. And this is where franking credits play a

key role as it reduces the tax payable by the shareholder on his total taxable income.

Who is entitled to it?

Most people do not know that Franking credits are only available to Australian and not to foreign owners owning Australian companies.

Individuals can receive cash refunds even if they are liable for any

personal income tax.