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Foundations of Tax 2018: Goods and Services Tax

This product is currently on sale: Use promo code NY25 at checkout to receive 25% off. Hurry, offer expires 11:59pm, Thursday 31 Jan 2019.In this session, one of our Senior Tax Trainers will provide you with a fundamental understanding of the essential topics, and a firm base for more complex tax topics.

Content Description

Join us as we cover everything from GST, PAYG and FBT, to CGT and other Australian tax system essentials. A firm understanding of these essentials will give you a great head-start as a tax professional.

In this session, one of our Senior Tax Trainers will provide you with a fundamental understanding of the essential topics, and a firm base for more complex tax topics.

Session Information

Although most businesses generally do not bear the ultimate GST burden, meeting these administrative obligations involves ongoing compliance. The ATO in its 2013-2014 Compliance Program has stated it will focus this year on GST refund integrity, real property and serious evasion.

This session aims to explain the general concepts of GST and the general operation of the GST system, including:

  • When does GST apply?
  • When is GST payable by an entity?
  • When can an Input Tax Credit (ITC) be claimed?
  • The concepts of supply, taxable supply, input taxed supply, GST-free supply, creditable acquisition, ITC and reduced ITC
  • Accounting for GST
  • Requirements for tax invoices
  • GST groups
  • Interaction with other taxes, such as FBT


Understanding areas such as assessable income, allowable deductions, capital allowances, GST, FBT, and CGT will start you off in the right direction for a successful career in tax. This series is also perfect as a refresher, to make sure you’re on top of the latest changes.

Session Nine: Australian International Tax

The treatment of foreign-source income derived by Australian residents and Australian source income derived by foreign residents remains a complex area of tax law. Do you understand the Foreign Income Tax Offset rules? Or the operation of Double Tax Agreements? This session explores the Australia's international taxation regime as it applies to individuals and businesses, including inbound and outbound investments. This session will cover:

  • Residency of individuals, trusts and companies
  • Source of income
  • The basic operation of Double Tax Agreements (DTA)
  • Australia’s foreign accruals tax rules and other developments
  • Exemption for non-portfolio dividends and branch income
  • Other exemptions and concessions
  • Foreign Income Tax Offset (FITO) rules
  • Dividend, interest and royalty withholding taxes.

Session Ten: Employment Taxes Essentials – PAYG, FBT and Superannuation

This session focuses on the current status and practical application of the various employment taxes, including PAYG withholding, FBT and superannuation obligations. Through the use of practical examples, this session will explore the main taxation systems affecting employment, from the perspective of both the employee and the employer. This session will cover:

  • General operation of the key taxes on employment
  • Australian compulsory superannuation system, including the superannuation guarantee charge
  • Overview of the PAYG withholding system
  • The FBT provisions, including the main requirements for FBT to apply, calculation of the FBT provisions and the key exemptions and concessions
  • Employer obligations with respect to reportable FBT.

Session Eleven: Tax Administration and Compliance

Ensure you can best manage your business or clients’ tax obligations and interaction with the ATO with this essential session on the fundamental principles relating to tax administration and compliance. This session will cover:

  • Self-assessment process
  • Amendment process
  • Objection and appeal process
  • Examination/audit process
  • Penalties and interest charges
  • Prosecutions
  • Tax audit risk management

James McPhedran'sextensive taxation and superannuation experience branches across a wide range of industries from mining and energy, to entertainment and professional tax bodies. Prior to his training role at Chartered Accountants Australia and New Zealand, James was a Tax and Superannuation Advisor at the Knowledge Shop (a wholly-owned subsidiary of Hayes Knight).

Bruce Thomas has written and presented training on a wide variety of tax topics for tax training clients and for public sessions held by the Organisation. Bruce spent 17 years working for the ATO, including working as a senior officer dealing with GST technical issues in the implementation of GST.

Peter McGinty FCA is a Chartered Accountant with degrees in Commerce and Law from the University of Melbourne. Peter has over 25 years’ experience in tax and has focused on domestic tax and GST issues, particularly tax issues affecting family businesses, SME’s and high wealth individuals.

Tristan WebbPrior to joining CAANZ Tristan Webb was National Tax Director at Crowe Horwath for 6 years. Crowe Horwath is one of the largest of Australia’s mid-tier Accounting firms. In this capacity, he was responsible for:

Group Learning and Development Tax risk manage(more...)


Topic: Tax

Sub-Topic: Business Tax, Employment Taxes - PAYE, PAYG & FBT, GST, Income Tax, State/Territory Taxes, Tax Administration

Format: Recorded Webinar

Proficiency Level: Foundation

CPD: 1.5 hours