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  • Section B

    Franking deficit tax and over-franking tax

    If you are a corporate tax entity that received the R&D refundable tax offset during the period to which the franking account return relates (or you received the R&D refundable tax offset in an earlier period), you should only include franking credits arising from either payments of PAYG instalments or income tax after all deferred franking debits have been utilised.

    See also

    Last modified: 26 May 2022QC 67986