KudoZ home » English to Chinese » Law: Taxation & Customs

franking debits and franking credits

Chinese translation: 免税/退税额和可抵扣税额

Login or register (free and only takes a few minutes) to participate in this question.

You will also have access to many other tools and opportunities designed for those who have language-related jobs
(or are passionate about them). Participation is free and the site has a strict confidentiality policy.

01:49 Jun 7, 2011

English to Chinese translations [PRO]
Social Sciences - Law: Taxation & Customs

English term or phrase: franking debits and franking credits

请教一下，关于澳大利亚税务方面的franking debits and franking credits如何翻译？
网上查到，franking credits可译为股息收入已缴税金。但我不知道对应的franking debits 该如何译。谢谢!

Anderson Zheng KudoZ activity Questions: 38 (9 open) Answers: 7 China
Local time: 05:30

Chinese translation:免税/退税额和可抵扣税额

Explanation:
Franking credits

A credit in the franking account is called a franking credit (previously known as imputation credit). The amount of the credit is equal to the amount of tax paid. A franking credit arises when a corporate tax entity:

makes a payment of a PAYG instalment or income tax where there is a liability to pay the amount
receives a franked distribution, or
incurs a liability for franking deficit tax.

---------------------------------------------------------------------
Franking debits

A debit in the franking account is called a franking debit. A franking debit will arise when a corporate tax entity:

receives a refund of income tax
makes a franked distribution
under franks a distribution (that is, the corporate tax entity makes a distribution with a franking percentage that is less than the entity's benchmark franking percentage for the franking period)
ceases to be a franking entity (to eliminate any franking surplus in the franking account)
makes a linked distribution - where a distribution by one entity is substituted for a distribution of another
issues tax-exempt bonus shares (instead of making a distribution)
streams imputation benefits to members most able to benefit from them
pays a distribution under the rules governing payments and loans to a shareholder (Division 7A of Part III of the Income Tax Assessment Act 1936), or buys back a share on-market.