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17 Cost of taxation compliance

OVERVIEW

For the 2010-11 income year:

  • the average time taken to complete a business income tax return was 5.7 hours
  • the average time taken to complete a Business activity statement (BAS) was 2.0 hours
  • it took an average of 11.5 hours to complete a fringe benefits tax return
  • the average cost of managing tax affairs claimed by an individual was $358.

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