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Individual Shareholder For the purpose of the following worked example we have assumed an Australian individual shareholder. However, an individual resident in any foreign jurisdiction (other than
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Corporate tax is a tax imposed on the net income of a corporation by the government.
Corporations are required to file corporate tax.
Corporate tax can be filled out by submitting a tax return with details of the corporation's income and deductions.
The purpose of corporate tax is to generate revenue for the government and to ensure that corporations contribute to the funding of public services.
Information such as the corporation's income, deductions, credits, and any taxes paid must be reported on corporate tax.
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