MARMOTA LIMITED
The Commissioner of Taxation has allocated
The JMEI tax credits may be distributed by Marmota to eligible investors as a tax offset. The JMEI tax credits serve to reduce an eligible investor's 2022/2023 tax liability (for individual shareholders or superannuation funds) or as franking credits (for companies).
In the event that there is no tax liability to offset (for individuals and super funds), then the tax credits are issued as a tax refund by the Tax Office. ! The JMEI tax credits attach to new ordinary shares issued by Marmota between
More detail: 2022-2023 JMEI
Tax Credits The JMEI program is an initiative of the Australian Federal Government to encourage investment in greenfields exploration companies. Eligible investors must be Australian resident shareholders (irrespective of whether they are individuals, super funds, companies etc) who have applied for and are issued new shares in any Marmota capital raising of ordinary shares between
Maximum Benefit
The maximum tax credit that can be issued to an investor is the amount paid by the investor to acquire the newly issued shares x Marmota's Corporate Tax rate (25%). Investors should be aware that Marmota cannot guarantee that Eligible Shareholders will receive the maximum number of JMEI credits available, as the actual number of JMEI Credits received will be dependent on a number of factors including the amount of allowable exploration incurred by Marmota during the 2022/23 year, the amount raised, and other factors.
Marmota has been very fortunate to have been able to participate in previous years that the JMEI program has operated, and the program has proven to be very popular with MEU investors. Marmota would like to express its gratitude to the Australian Federal Government for their on-going support of the junior mineral exploration space.
Contact:
Tel: (08) 8294 0899
Web: www.marmota.com.au
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