Tax Definitions Page

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Activity statement

GST
Activity statements are used to report your business tax entitlements and obligations…
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Activity statement

Fringe Benefits
Used to report your business tax entitlements and obligations, including FBT instalments,…
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Activity Statement

Tax
This is the form used by businesses that are registered for the…
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Activity statement

Indirect Taxes
You use an activity statement to report your business tax entitlements and…
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Age Pension

Tax
This is a payment made by the Australian Government to senior citizens…
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Aggregate non-exempt amount

Fringe Benefits
The amount that exceeds the capping threshold of the grossed-up taxable value…
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Aggregated turnover

GST
Aggregated turnover is your business turnover plus the turnover of closely associated…
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All-day parking

Fringe Benefits
The parking of a single car for a continuous period of at…
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Allocated Pension

Tax
An allocated pension is the income distributed to an individual from their…
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Allowable deduction

Tax
These are often simply called deductions. They are an expense that comes…
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Amendment

Tax
This is when an individual or business asks the ATO to change…
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ASFA

Tax
The Association of Superannuation Funds of Australia; the peak policy, research, and…
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Assessable amount

Indirect Taxes
A net amount, net fuel amount, other indirect tax amount or a…
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Assessable income

Tax
Assessable income is your gross taxable income before deductions. This includes salary,…
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Asset

Tax
An asset is any item of value owned by an individual or…
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Associate

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

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

GST
When we say Australia, we mean the term indirect tax zone.
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Australian business number

GST
An Australian business number (ABN) is a publicly available identifier for your…
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Australian Business Number (ABN)

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