Explaining business taxes

A range of taxes can apply to businesses. Explore what these taxes can include and look at the needs of businesses in relation to government services.

Explaining business taxes
Type: Theory
Questions: 8
Attempts allowed: Unlimited
Available: Always
Pass rate: 75%
Passed:
  • Fact 25

    The first computers used by the ATO were used primarily for issuing the five million refund cheques sent out each year in the mid 1960s.

Asset

An item of value such as property, a car or machinery, or a financial item such as shares or a bank account.

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