Debt and equity tests
The New Business Tax System (Debt and Equity) Act 2001 determines what is equity in a company and what is debt in an entity for tax purposes with effect from 1 July 2001.
Declarable income - individuals
Information on this page will help you determine if you should declare the income you receive in your tax return.
Deductible gift recipient - non-profits
A deductible gift recipient (DGR) is a fund or organisation that can receive tax deductible gifts.
Deductible gift recipient - government
Information on the types of deductible gift recipients, tax deductible gifts they can receive, and what donors need to do to claim deductions for gifts.
Deductions - individuals
Information on this page will help you identify what you can claim to reduce your taxable income.
Deductions - businesses
Deductions for costs incurred in running your business are allowable, provided the expenses are not of a private, domestic or capital nature.
Demergers
A demerger is a form of restructure in which investors in the head entity (for example, shareholders or unitholders) gain direct ownership in an entity that they formerly owned indirectly (the ‘demerged entity’). Underlying ownership of the companies and/or trusts that formed part of the group does not change. The company or trust that ceases to own the entity is known as the ‘demerging entity’.
Division 7A
Division 7A may apply to private companies that make tax-free distributions to shareholders or shareholders' associates in the form of payments, loans or debts forgiven.
Excise
Excise duty is a tax on certain types of goods produced or manufactured in Australia. These excisable goods include alcohol, tobacco and petroleum and alternative fuels. You need an excise licence to manufacture or store excisable goods or deal in tobacco seed, plant or leaf and you must have an excise licence prior to commencing these activities.
A-C
Australian business number (ABN) - businesses
The Australian Business Number (ABN) is a single identifier for all business dealings with the tax office and for dealings with other government departments and agencies.
Australian business number (ABN) - non-profits
Your Australian business number (ABN) is a single identifier that is used to register for various taxes and concessions.
Australian business number (ABN) - government
The Australian Business Number (ABN) is a single identifier for all business dealings with the tax office and for dealings with other government departments and agencies.
Annual investment income reporting
Information for Australian businesses paying investment income to Australian and non-resident investors.
Business activity statement (BAS)
Businesses use an activity statement to report and pay a number of tax obligations, including GST, pay as you go (PAYG) instalments, PAYG withholding and fringe benefits tax. Activity statements are also used by individuals who need to pay quarterly PAYG instalments.
Business tax break
The small business and general business tax break provides an additional tax deduction for expenditure on certain qualifying assets. It provides a bonus deduction of 50% for small business and 30% or 10% for all other businesses providing certain eligibility criteria are met.
Capital allowances
Capital allowance measures contain the rules for calculating the decline in value of depreciating assets. New provisions operate from 1 July 2001 and apply to depreciating assets acquired both before and after that date. The new provisions consolidate a range of former capital allowance measures.
Capital gains tax (CGT)
Capital gains tax (CGT) is the tax you pay on a capital gain. It is not a separate tax, just part of your income tax. The most common way you make a capital gain (or capital loss) is by selling assets such as real estate, shares or managed fund investments. Managed funds also distribute capital gains you must report.
Company tax and imputation
Detailed information including the Franking Credit and Rebate Yields.
Consolidation
The Commonwealth Government introduced consolidation to reduce compliance costs for business, remove impediments to the most efficient business structures and improve the integrity of the tax system. Consolidation allows wholly-owned corporate groups to operate as a single entity for income tax purposes from 1 July 2002.
Contracting
Certain tax rules may be particularly important for contractors.
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