Hiya,
Is there any difference between capital gain tax and company income tax? And is company obliged to pay one or both of them if applicable?
Thanks
Hiya,
Is there any difference between capital gain tax and company income tax? And is company obliged to pay one or both of them if applicable?
Thanks
Capital gains tax is the difference between the purchased price & the sale price.
Company tax is a tax the company pays at the end of financial year on profit it has made after all taxable deductions/outgoings have been taken into account.
In Australia a company has to pay both