How to Calculate GST Content When GST is 15%

2011-11-08Here's how to work out the GST content of a GST inclusive price when the GST content is 15%: (1) Multiply the full GST-inclusive price by 3(2) Divide that result by 23(3) You now have the GST amount.... Read more »

LTCs and QCs

2011-11-08What is an LTC?Unlike the LAQC rules, shareholders of an LTC are liable for tax upon the company's profit, as well as being able to offset the company's losses against their other income. The key features of an LTC are:The LTC retains its i… Read more »