How is business tax collected?

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.

How is business tax collected?
Type: Theory
Questions: 5
Attempts allowed: Unlimited
Available: Always
Pass rate: 75%
Passed:
  • Fact 12

    The expenses of World War I were so great that the Commonwealth Government introduced three new taxes in 1917: an entertainment tax, a wartime profits tax and a bachelor tax that raised such a bitter protest that it was never put into operation.

Rollover

When an individual transfers super money from one super fund into another.

read more glossary terms