Income tax Dates
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FEB 7End-of-year income tax and Working for Families bills are due, unless your tax agent has an extension of time to file your income tax return.
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FEB 28AIM instalments are due if you have a March balance date.
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FEB 28Provisional tax payments are due if you have a March balance date and use the ratio option.
A look-through company (LTC) is a special type of company. It's a separate legal entity but for income tax purposes it's treated like a partnership.
Tax summary
A look-through company must file income tax returns and report to us the same way as an ordinary company.
Owners can offset the look-through company's losses against their other income. They must pay tax on a look-through company's profits.
Look-through company owners are treated as:
- carrying on the activities and having the status, intentions and purposes of the look-through company
- holding the look-through company's property
- being a part of any arrangement the look-through company is involved in
- doing an activity or being entitled to anything the look-through company does or is entitled to.
Last updated:
07 Jan 2021