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Any accountants here that specialise in business tax?

Answered 4 years ago

I've got a friend who is part owner of a company. For years they have said they get paid dividends not a wage and that tbey dont pay any personal tax, that the business pays theor tax. How does that work? How are they able to earn money but not liable to personally pay tax?? Even if you have shares and get paid dividends you have to pay personal tax on that. How can the company pay it?


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ANSWER
4 years ago
Perhaps phone the ATO helpline.