Division 7A: 4 common errors

Posted by Tanya Moran on 28-May-2018 07:00:00


Despite it having been in place for more than 15 years, Division 7A continues to be a high risk area and the Australian Taxation Office (ATO) regularly monitors. Division 7A is part of the Tax Act and it provides provisions to prevent private company owners from avoiding dividend taxation through accessing company profits in other ways other than dividends.

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Topics: ATO, Tax return, Company tax return, Lodgement, Division7A, Tax Act, taxation