Taxes explainedThere are a number of different taxes that can apply to your business, depending on your location and business activity.- Capital Gains Tax
Capital Gains Tax (CGT) is the tax that you pay on any capital gain you include on your annual income tax return. - Excise duties
Excise duty is a tax levied on certain types of goods produced or manufactured in Australia. - Fringe Benefits Tax
Fringe Benefits Tax (FBT) is a tax payable by employers for benefits paid to an employee or the employee's associate. - Goods & Services Tax
The Goods and Services Tax (GST) is a broad-based tax of 10 per cent on the sale of most goods and services and other things in Australia. - Income tax for business
Federal income tax is levied on the taxable income of a person or a business. - International tax
Residents and non-residents have different tax rates, which is why you need to find out what international tax obligations apply to you. - Land tax
Land tax is an annual state government tax payable by the owner of land. - Pay As You Go (PAYG) withholding
Pay As You Go (PAYG) withholding is a legal requirement to withhold amounts for income tax purposes. - Pay-roll tax
Pay-roll tax is a state tax on the wages paid by employers. It is calculated on the amount of wages you pay per month. - Rates
Rates are property taxes charged by local government on properties in their municipal area. - Stamp duty
State and territory governments impose taxes on a range of paper and electronic transactions. - Tax concessions for small business entities
From 1 July 2007 eligible small business entities can access a number of tax concessions.
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