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E. T Form 990 Return of Organization Exempt From Income Tax Under section 501(t), 527, or 4941(a)(1) of the Internal Revenue Code (except black lung benefit trust or private foundation) The organization
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ba tcd hiing sep stands for Business Activity Statement (BAS) which is a form used by businesses in Australia to report and pay their tax obligations to the Australian Taxation Office (ATO).
Businesses registered for Goods and Services Tax (GST) in Australia are required to file a Business Activity Statement.
Businesses can fill out a Business Activity Statement online using the ATO's online services, or they can use a registered tax agent or BAS agent.
The purpose of a Business Activity Statement is to report and pay the net amount of Goods and Services Tax (GST) collected and paid, as well as other tax obligations such as Pay As You Go (PAYG) withholding and Fringe Benefits Tax (FBT).
Businesses must report their GST sales, GST purchases, wages and salaries, PAYG withholding amounts, and other relevant tax information on a Business Activity Statement.
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