Refund of imputation credits
Love, Nathalie (2001) Refund of imputation credits. Queensland University of Technology, Brisbane. [Working Paper]
The purpose of this paper is to explain the features of the new provisions for the refund of imputation credits, which are contained in the New Business Tax System (Miscellaneous) Act (No1) 2000.1 The provisions have been introduced to ensure that:
certain eligible resident taxpayers are taxed on their dividend income at their personal marginal rate of tax; and
certain eligible resident nonprofit organisations can apply their tax exemption on their dividend income.
The provisions are contained in Division 67 of the Income Tax Assessment Act 1997 for refunds to resident individuals and superannuation entities and Division 7AA of Part IIIA of the Income Tax Assessment Act 1936 for refunds to endorsed income tax exempt charities and certain deductible gift recipients.
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|Item Type:||Working Paper|
|Keywords:||Imputaton Credits, Tax|
|Subjects:||Australian and New Zealand Standard Research Classification > COMMERCE MANAGEMENT TOURISM AND SERVICES (150000) > ACCOUNTING AUDITING AND ACCOUNTABILITY (150100) > Taxation Accounting (150107)
Australian and New Zealand Standard Research Classification > LAW AND LEGAL STUDIES (180000)
|Divisions:||Current > Research Centres > Australian Centre for Philanthropy and Nonprofit Studies|
|Copyright Owner:||Copyright 2001 Queensland University of Technology
Published by the Program on Nonprofit Corporations
|Deposited On:||08 May 2012 00:58|
|Last Modified:||23 Sep 2015 05:57|
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