Taxation of Companies – Company Tax Fundamentals 2025

Part 2 of this series dives into company-specific tax issues, including income, deductions, applying losses and a summary tax rec.

In this session, we cover:

• Recap of the Case Study

• Tax Residency of Companies

• Income & Deductions

  • Assessable income

  • General deductions

  • Specific deductions

• Company tax reconciliation & PAYGI

• Company losses

  • General overview and restrictions

  • Continuity of ownership test (COT)

  • Business continuity test (BCT)

  • Conditions for deducting losses

  • Loss carry-back tax offset (2021-2023 income years)

Date recorded: 10 April 2025