Corporate tax fundamentals
Issued by
The Tax Institute
The earner has demonstrated an understanding of the fundamental topics that are relevant to corporate entities from a taxation perspective. Earners have demonstrated an understanding of the basic legal concepts and definitions relevant to a corporation, calculated company tax payable/refundable, applied franking provisions, determined the consequences for a tax entity in receipt of a dividend from an Australian resident company, and applied company tax loss provisions in non-complex scenarios.
- Time Hours
- Cost Paid
Skills
- Company Income Tax
- Company Income Tax Returns
- Company Tax
- Company Taxable Income
- Corporate Tax
- Corporate taxation fundamentals
- Deemed Dividends
- Dividend Imputation
- Franking Credits
- Incorporated associations
- Legal status of a corporation
- PAYG Installments
Earning Criteria
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Calculate a company’s tax payable/refundable in a range of non-complex scenarios.
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Apply the franking legislative provisions in non-complex scenarios.
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Determine the taxation consequences for a tax entity in receipt of a dividend from an Australian resident company.
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Apply the company loss legislative provisions in a non-complex scenario.
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Earners complete 10 hours of online, self-paced, interactive learning, incorporating interactive examples, knowledge checks, case studies and a comprehensive activity.
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Successful completion of two online, multiple-choice assessments: Assessment 1: 20 multiple-choice questions within 60 minutes. Assessment 2: 6 scenario-based multiple-choice questions within 45 minutes.
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Achievement of a minimum score of 75% for all assessment tasks.