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Australian’s love to eat out, a typical restaurant meal will be around $60 per head. With an entree or starter at around $ 9-15 and a main course $ 30-$40. Going to the pub is another favourite past time, buying a schooner of beer will cost...
fails to make the minimum pension payment the fund will not have met the pension standards and the exempt current pension deduction (i.e. the tax exempt status) will not apply. The ordinary income and statutory income of a complying supera...
taxation, much of which is achieved through a tax from the income of citizens. However, in recent times, the Australian government has made significant reforms in the tax system, in order to reduce income taxes by increasing the indirect ta...
Taxation Office ( ATO ) monitors the compliance with tax laws and is responsible for the collection of taxes. The main taxes are described briefly below: •Income Tax: This is the main source of income for the state. The basic tax rate, whic...
Australian Taxation Law cases. It is a branch of law that aims to study a set of legal rules according to certain principles common to all of them, governing the establishment, collection and control of revenues from the State Public Law fr...
Australian primary direct tax legislation over a period of about five years, and further details and subsequent developments can be found on the Inland Revenue's Tax Law Simplification Project Home Page on the Internet.' Such proposals for ...
Question 1 Fringe Benefits Tax FBT is given on some benefits companies or employers provide to the workers or their agents' co-partners in situate of compensation. Consistent with the fringe benefits tax (FBT) enactment, a fringe benefit i...