Identify which one of the following is a state tax that a business may have to pay.*1 pointStamp dutyFringe Benefits TaxGroup tax — PAYGGoods and Services Tax
Question
Identify which one of the following is a state tax that a business may have to pay.*1 pointStamp dutyFringe Benefits TaxGroup tax — PAYGGoods and Services Tax
Solution
Stamp duty is a state tax that a business may have to pay. This tax is usually associated with the transfer of certain types of property, such as real estate, between parties. The other taxes listed, such as Fringe Benefits Tax, Group tax — PAYG, and Goods and Services Tax, are typically federal taxes in many countries.
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