Not a very complete answer, Pecora.The first year you open your...

  1. 284 Posts.
    Not a very complete answer, Pecora.

    The first year you open your SMSF, you remit tax annually. If your turnover is very low, you will always remit tax annually.

    If your SMSF is a trading trust and you collect GST, you remit GST monthly, quarterly or annually, depending on your turnover.

    Tax is never a simple question. It always depends on size, activity and structure.
 
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