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Application for refund of franking credits for individuals20171 July 2016 to 30 June 2017 For individuals who do not need to lodge a tax return You must read the publication Refund of franking credits

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What is franking credits for individuals?

Franking credits for individuals are tax credits attached to dividends received from Australian companies that have already paid tax on that income.

Who is required to file franking credits for individuals?

Individuals who have received dividends from Australian companies and want to claim back the tax already paid by the company.

How to fill out franking credits for individuals?

To fill out franking credits for individuals, one needs to report the amount of franking credits received from dividends in their tax return.

What is the purpose of franking credits for individuals?

The purpose of franking credits for individuals is to avoid double taxation on company profits by allowing individuals to claim a credit for tax already paid by the company.

What information must be reported on franking credits for individuals?

Individuals must report the amount of franking credits received, the name of the company paying the dividends, and the amount of tax paid by the company.

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