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Program Coordinator: Dave Magee Email: david.magee@kctcs.edu Phone: (859) 2466267Program Website: https://bluegrass.kctcs.edu/educationtraining/programfinder/businessadministration.aspxStudent Name:Student
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BAS 160 refers to the Business Activity Statement (BAS) that businesses in Australia must complete to report their tax obligations, including GST, PAYG withholding, and other taxes.
Businesses registered for GST, as well as certain other entities that meet specific criteria related to their tax obligations, are required to file BAS 160.
To fill out BAS 160, businesses need to gather their financial records related to sales, purchases, and tax credits and accurately input this information into the form, following the instructions provided by the Australian Taxation Office (ATO).
The purpose of BAS 160 is to help businesses report their tax obligations, particularly regarding Goods and Services Tax (GST) and Pay As You Go (PAYG) withholding, to ensure compliance with Australian tax laws.
The BAS 160 form requires businesses to report their total sales, purchases, GST collected, GST paid, and any other applicable information relating to their tax obligations.
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