Running a business: tax obligations

What do business owners need to know and do about tax and super? Find out more about how to set up a business.

Running a business: tax obligations
Type: Theory
Questions: 7
Attempts allowed: Unlimited
Available: Always
Pass rate: 75%
Passed:
  • Fact 17

    The opportunity to pay income tax in instalments, rather than once per year, was introduced in 1941.

Progressive tax

A tax where the tax rate increases as the income increases. Income tax for individuals is a progressive tax.

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