Hi,

Quick question. Regarding an australian company receiving unfranked
dividends from shares on the australian share market and sending them
to a danish holding company.

Due to the danish - australian tax treat I am assuming that if the
dividends are sent from the aus company to the danish company they
will be untaxed. I assume the australian company will report the
dividends as income on its P+L ,but then how does it report this
movement of the dividend to the danish co? Will the austrlian company
still have to pay tax on the unfranked dividend if it is just sending
it to its parent the danish holding co?

thanks

Another quick question back:  WHich co. is the owner of the shares? 
If the Danish holding co. is, it would seem that the Australian co.
was just acting as mailbox account for the dividends (but maybe that
has confused the paying co. about whether tax should have been
withheld (if that is what you mean by unfranked).
IF so, it seems that such a misunderstanding should be clarified.

The Aussie co. could pay the tax and charge the holding co. it would
seem, but this might be messy; auditors and tax auditors would
probably prefer to have the Danish co. appear as a tax-paying entity.

If I have misunderstood, please excuse.