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23 Feb 11 Verification of franking credit tax offset

The ATO advises that starting in late February 2011, it may phone tax agents to verify their clients' tax offset claims if both of the following apply:

  • the agent has company clients across the small-to-medium enterprise (SME) market segment
  • the agent's SME clients have claimed a franking credit tax offset in their 2009 company income tax return.


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