Which of the Following Is Not One of the Tax

question 13

Multiple Choice

Which of the following is not one of the tax implications for a business of having a company structure?

• A)A company is a separate legal entity and has its own TFN.
• B)A company pays tax at the corporate rate.
• C)A self-assessment scheme applies.
• D)A company is not obliged to pay PAYG instalments.

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Definitions:

Self-Performing Work

Self-performing work involves a company or team directly executing tasks or functions using its own resources and personnel, rather than subcontracting.

Outsourcing

The practice of hiring third parties to perform services or create goods that traditionally were performed in-house by the company's own employees.

Solicitation

The act of requesting or seeking bids, proposals, or quotes from vendors for the supply of goods or services.

Bidders

Entities or individuals that propose their services or products in response to a request for proposal or tender.