INCOME TAX ASSESSMENT ACT 1997

CHAPTER 3 - SPECIALIST LIABILITY RULES  

PART 3-6 - THE IMPUTATION SYSTEM  

Division 214 - Administering the imputation system  

Subdivision 214-B - Franking assessments  

SECTION 214-55   What this Subdivision is about  


The Commissioner may make an assessment of a corporate tax entity ' s liability to pay franking tax, and the franking account balance and the venture capital sub-account balance on which that liability is based. An entity ' s first franking return for an income year is treated as an assessment by the Commissioner. To this extent, there is self-assessment.


View surrounding sectionsView surrounding sectionsBack to top


This information is provided by CCH Australia Limited Link opens in new window. View the disclaimer and notice of copyright.