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

• R&D entities entitled to the R&D refundable tax offset