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  • Cancelling a NZ franking choice

    We may cancel a company's NZ franking choice if it does not pay its franking deficit tax or over-franking tax liability by the due date or it fails to provide a franking return to us when required.

    When a NZ franking choice is cancelled, a franking debit will arise to cancel any surplus in the franking account or a franking deficit tax liability will arise if there is a deficit in the franking account.

      Last modified: 08 Nov 2016QC 16902