How is business tax collected?

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A business activity statement (BAS) is used by businesses to report and pay tax obligations. Prepare a sample BAS and discuss strategies for keeping business records.

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  • Fact 14

    Women were employed for the first time at the ATO in 1917 as a result of the increased number of taxes due to the war and the loss of men to the war front.

Excise

A tax on certain goods produced or manufactured in Australia. These goods include alcohol, tobacco and petroleum. Customs duty at an equivalent rate is levied on imported goods to ensure that these goods are treated consistently with local goods.

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