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 3

    'Taxes, after all, are dues that we pay for the privileges of membership in an organised society'. Franklin D Roosevelt

Compliance costs

The expenses incurred by a business in meeting legislative requirements.

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