Understanding your taxation obligations is important when starting up a new business.
Your taxation obligations will be dependent on a number of things, including the size and type of the business you have established.
Taxes you may be required to pay include:
- Income tax
- Goods and Services Tax (GST)
- Pay As You Go (PAYG) withholding
- Fringe Benefits Tax (FBT)
- Payroll Tax
To ensure your business meets its taxation obligations we recommend that you get financial advice.
To find out more about your obligations visit the Australian Taxation Office website , ACT Revenue Office website and business.gov.au’s - What business taxes and superannuation do I pay and report? .