Australian Tax System in a Nutshell

Get a one-stop-shop overview of the various taxes and duties in Australia - a great 101 for those new to the world of Aussie tax!

In this session, we cover:

• Introduction to Australian Tax System

  • ATO approach

  • Income tax, Duty, Land tax, Payroll tax, GST

  • Residency and source

  • Amendment period

• Administration overview

  • Single Touch Payroll

  • Compulsory superannuation

  • Different entity types

• Concessions and exemptions

  • Small business CGT

  • Main residence exemption

  • Foreign tax credits and double tax agreement

• Specific and general anti avoidance rules

• Top tips to deal with the ATO

Date recorded: 7 August 2024