Relief for charitable institutions: tax credit for dividend income proportionate to company's reduced super tax rebate, refundable if in excess. A statutory mechanism grants tax credit relief to specified charitable institutions or funds for dividend income (excluding preference dividends), allowing credit against their tax computed by reference to the portion of a company's reduced super-tax rebate attributable to dividends received by the institution; any excess credit over tax payable is refundable.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Relief for charitable institutions: tax credit for dividend income proportionate to company's reduced super tax rebate, refundable if in excess.
A statutory mechanism grants tax credit relief to specified charitable institutions or funds for dividend income (excluding preference dividends), allowing credit against their tax computed by reference to the portion of a company's reduced super-tax rebate attributable to dividends received by the institution; any excess credit over tax payable is refundable.
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