Net direct tax collection during the fiscal 2008-09 stands at Rs.338, 212 crore, up from Rs.312, 202 crore during 2007-08, registering a growth of 8.33 percent. Growth in Corporate Taxes was 10.84 per cent, while Personal Income Tax (including FBT, STT and BCTT) grew at 9.09%. Despit...
Make sure to have your Business Activity Statement (BAS) or GST Registration with the Australian Taxation Office (ATO) with you to help you edit your Tax settings. You can speak with the ATO directly or contact your Accountant or Bookkeeper to get a copy. After setting up GST and...
2.1 The FBT Policy Company cars are becoming more and more popular for employees of large companies. The problem of FBT essentially starts with its statutory formula. This taxation formula encourages individuals to drive company cars more to save on the ...