Company Taxes

Initial Registration Services

• ABN – Australian Business Number
• TFN – Tax File Number
• GST – Good and Services Tax (federal)
• PAYG – Pay As You Go (employer compulsory withhold from employees’ wages)
• FBT – Fringe Benefit Tax (if benefit provided outside wages)
• DGST – Deferred GST special scheme for importers of goods
• SAP – Substituted Accounting Period to adjust for consolidation, the end of financial year with group dateline

Current declarations

• BAS (Business Activity Statement) including: GST, repayment of PAYG withheld on wages and from dividends, interest or royalties paid overseas, Instalment for FBT and Company Income Tax …/…
• Payroll Tax (in every State where employees are located) when required

Annual declarations

• Company Tax Return
• Losses Schedule
• Dividends, Interest, Royalties’ Declaration
• International Transactions Schedule
• Certificate of withholding of taxes for interests, dividends and royalties to allow deduction by overseas entity

Specific controls

• Benchmark test with ATO data provided for your activity
• Transfer Pricing and International Transactions documentation
• Application of International Double Treaty Agreements

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