Income tax returns (Business and Personal)
$91.03
Income tax is the normal tax which is paid on your taxable income.
Examples of amounts an individual may receive, and from which taxable income is determined, include the following –
- Remuneration (income from employment), such as, salaries, wages, bonuses, overtime pay, taxable (fringe) benefits, allowances and certain lump sum benefits
- Profits or losses from a business or trade
- Income or profits arising from an individual being a beneficiary of a trust
- Director’s fees
- Investment income, such as interest and foreign dividends
- Rental profit or losses
- Income from royalties
- Annuities
- Pension income
- Certain capital gains
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