Features of Company Tax Return:
Compile income, expenses, and other relevant financial information
Filed with a tax agent is recommended by ATO
Pay your required tax amount to the authority in due time otherwise there will be fine
Company can claim tax deductions for most costs involved in running business. This helps to reduce the income a company pays tax on. Find out what expenses a company can claim, when to claim, and the records a company needs to keep.
Company Tax Rate
An Australian resident company is subject to company tax, at a rate set by the Australian Government. A non-resident company is taxed on its Australian source income at the same rate as a resident company.
Capital Gains Tax
Capital Gains Tax (CGT) applies on any capital gain made through the disposal of assets. It is paid as part of income tax.