Study guide Questions and Answers ADVANCED TAXATION

Study guide Questions and Answers ADVANCED TAXATION Question 1.2 The following is a list of payments made under different circumstances: 1. A business has been invoiced $500 for services rendered by a contractor. However, the invoice does not quote the contractor’s Australian Business Number and the business does not have any other records from which it may reasonably obtain that information. 2. An Australian resident has borrowed funds from an overseas lender and wishes to pay $1500 of in...