- Description
- Specifications
This paper is an introduction to how income tax is assessed in Australia, particularly from a business perspective.
The paper is presented under the headings:
1. Who Is Liable?
2. Basis Of The Taxation System
3. Goods And Services Tax (GST)
4. Australian Business Number
5. Business Activity Statement
6. Capital Gains Tax (CGT)
7. Fringe Benefits Tax (FBT)
8. Individuals
9. Deferral Of Losses From Non-Commercial Activities
10. Negatively Geared Rental Property
11. Primary Producers With Low Income From Non Primary Production Sources
12. Refund Of Excess Imputation Credits For Individuals
13. Taxation Rates - Individuals
14. Medicare Levy
15. Medicare Levy Surcharge
16. Dependent Tax Offsets
17. Medical Tax Offset
18. Child Care Tax Rebate
19. Zone Tax Offset
20. Partnership
21. Discretionary Trust
22. Unit Trust
23. Company
24. Employer’s Responsibilities - PAYG Deductions From Employees' Salaries
25. Lump Sum Payments To Employees
26. Deductibility Substantiation
27. Reasonable Allowances For Employees
28. Reasonable Allowance Amounts
29. Car Expenses Up To 5,000 Km Per Annum Rate Per Kilometre
30. Small Business Taxpayer
31. Professional Assistance