Tax Definitions

Tax Definitions Page

Activity Statement

Tax
This is the form used by businesses that are registered for the…
Read Full Article

Activity statement

Fringe Benefits
Used to report your business tax entitlements and obligations, including FBT instalments,…
Read Full Article

Activity statement

GST
Activity statements are used to report your business tax entitlements and obligations…
Read Full Article

Activity statement

Indirect Taxes
You use an activity statement to report your business tax entitlements and…
Read Full Article

Age Pension

Tax
This is a payment made by the Australian Government to senior citizens…
Read Full Article

Aggregate non-exempt amount

Fringe Benefits
The amount that exceeds the capping threshold of the grossed-up taxable value…
Read Full Article

Aggregated turnover

GST
Aggregated turnover is your business turnover plus the turnover of closely associated…
Read Full Article

All-day parking

Fringe Benefits
The parking of a single car for a continuous period of at…
Read Full Article

Allocated Pension

Tax
An allocated pension is the income distributed to an individual from their…
Read Full Article

Allowable deduction

Tax
These are often simply called deductions. They are an expense that comes…
Read Full Article

Amendment

Tax
This is when an individual or business asks the ATO to change…
Read Full Article

ASFA

Tax
The Association of Superannuation Funds of Australia; the peak policy, research, and…
Read Full Article

Assessable amount

Indirect Taxes
A net amount, net fuel amount, other indirect tax amount or a…
Read Full Article

Assessable income

Tax
Assessable income is your gross taxable income before deductions. This includes salary,…
Read Full Article

Asset

Tax
An asset is any item of value owned by an individual or…
Read Full Article

Associate

Fringe Benefits
People and entities closely associated with you – such as relatives, or…
Read Full Article

AUSid

GST
An AUSid is a secure login credential that non-residents use to access…
Read Full Article

Australia

GST
When we say Australia, we mean the term indirect tax zone.
Read Full Article

Australian business number

GST
An Australian business number (ABN) is a publicly available identifier for your…
Read Full Article

Australian Business Number (ABN)

Tax
This is a unique identifying number assigned by the government to a…
Read Full Article