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INVESTMENT MANAGEMENT DATA FORM IMD02P004: Cash & Bonus Distributions Unit Trusts, Common Funds and Mandates Email: data.AU morningstar.com Manager:Frequency: Each DistributionPrepared by:Fax:Type
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Type P refers to Personal Income Tax and Type M refers to Corporate Income Tax.
Individuals are required to file Type P and businesses are required to file Type M.
Type P can be filled out online through the tax department's website and Type M can be filled out using the relevant tax forms provided by the government.
The purpose of Type P is to report personal income for tax calculation, and the purpose of Type M is to report corporate income for tax calculation.
Type P requires reporting of personal income sources and deductions, while Type M requires reporting of business income sources and expenses.
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