Understanding your tax obligations
As a franchisor, you need to understand your tax obligations and how franchising fees are treated for tax purposes. It's also important to review your income tax and Goods and Services Tax (GST) reporting requirements. In most cases all payments received by a franchisor from a franchisee will be assessable income. They will also involve GST.
What to do…
- Read Franchising and tax -Tax facts for new small business for more information.
- Visit our Taxation topic for more general tax information.
- Consult a business adviser, accountant or solicitor for advice.
This content is supplied to Flying Solo via business.gov.au,
the Australian Government's principal website for business information and resources.
