H/Company - Australian Taxation Office

1 NAT 1 Sensitive (when completed) H/Company tax return 2016 Notes to help you prepare this tax return are in the company tax return instructions 2016 and in the H/Company tax return 2016 extra instructions (the instructions ), available on our website specify period if part year or approved substitute informationTax file number (TFN)Name of companyAustralian business number (ABN)Business address of main businessSuburb/townState/territoryPostco dePostal address on previous tax returnSuburb/townState/territoryPostcode If the address has changed, print the previous address exactly as shown on the last tax return postal addressSuburb/townState/territoryPostcod eIf the address has not changed, print it exactly as shown on the last tax return tax returnNoYesPrevious name of companyIf the company name has changed, print the previous name exactly as shown on the last tax return lodged and show Australian company number (ACN) or Australian registered body number (ARBN).

2 OrACNARBNH/ company tax return 2016 Sensitive (when completed)Important noticeInformation statementPAGE 1a Two accompanying schedules form part of this tax return . Accompanying schedule no. 1 You must complete this schedule in schedule no. 2 Details requested must be provided if you have completed any item where S2 appears adjacent to a label in the tax return . Refer to the H/Company tax return 2016 extra instructions for information on completing the accompanying schedulesPAGE 2H/ company tax return 2016 Sensitive (when completed)1 Ultimate holding company name and ABN or country codeABNORC ountry code Immediate holding company name and ABNABNB2 Description of main business activityIndustry codePercentage of foreign shareholding%A3 Status of company print X in all applicable selections at this question may determine how the tax law applies to you.

3 See 3 Status of company in the instructions for more information about company number (must be six digits)Account numberAccount name Electronic funds transfer (EFT)We need your financial institution details to pay any refund owing to you, even if you have provided them to us before. Write the BSB number, account number and account name below. (See relevant instructions .)PublicD10 Pooled development fundD5 CooperativeD1 Non-profitD3 Strata titleD4 PrivateD9 Limited partnershipD6 Corporate unit trustD7 Public trading trustD8 ResidentC1 Non-resident no permanent with permanent businessE1 Ceased businessE2 Commenced businessE34 Interposed entity election statusIf the company has an existing election, write the earliest income year specified. If the company is making one or more elections this year, write the earliest income year being specified and complete an Interposed entity election or revocation 2016 for each election.

4 LIf revoking an interposed entity election, print R and complete and attach the Interposed entity election or revocation head companyZ1 Consolidated subsidiary memberZ2 Small business entityF1S2S2S2S2S2 PAGE 3H/ company tax return 2016 Sensitive (when completed)Information statement To be completed by all companies6 Calculation of total profit or $,,Gross payments subject to foreign resident withholdingB,.00$,,Other sales of goods and servicesC,.00$,,Gross payments where ABN not quotedA,.00$,,Gross distribution from partnershipsD,.00$,,Gross interestF,.00$,,Forestry managed investment scheme incomeX,CODEG ross distribution from $,,,.00$,,Total dividendsH,.00$,,Gross rent and other leasing and hiring incomeG,.00$,,Fringe benefit employee contributionsI,.00$,,Unrealised gains on revaluation of assets to fair valueJ.

5 00$,,Assessable government industry paymentsQCODE,S$,.00,,Total $,,Other gross incomeR,S2S2S2S2S2S2 PAGE 4H/ company tax return 2016 Sensitive (when completed) $,,Foreign resident withholding expensesB,.00$,,Cost of salesA,.00$,,Contractor, sub-contractor and commission expensesC,.00$,,Superannuation expensesD,.00$,,Bad debtsE,.00$,,Lease expenses within AustraliaF,.00$,,Lease expenses overseasI,.00$,,Rent expensesH,.00$,,Interest expenses within AustraliaV,.00$,,Interest expenses overseasJ,.00$,,Royalty expenses within AustraliaW,.00$,,Royalty expenses overseasU,.00$,,Motor vehicle expensesY,.00$,,Repairs and maintenanceZ,.00$,,Depreciation expensesX,.00$,,Unrealised losses on revaluation of assets to fair valueG,6 Calculation of total profit or loss continuedDo you have a non-resident withholding payment or reporting obligation?

6 See and attach an International dealings schedule profit or lossQ$,.00,,Total expenses$,.00,,Subtract Total expenses Q from Total income $,,All other expensesS,S2S2 PAGE 5H/ company tax return 2016 Sensitive (when completed)7 Reconciliation to taxable income or loss Do you need to complete a Capital gains tax (CGT) schedule 2016?Did you have a CGT event during the year?YesNoGAnswer Yes at G if the company had an amount of a capital gain from a $,,Total profit or loss amount shown at T item 6,.00$,,Section 40-880 deductionZ,.00$,,Capital works deductionsI,.00$,,Deduction for project poolH,.00$,,Immediate deduction for capital expenditureE,.00$,,Deduction for decline in value of depreciating assetsF,.00$,,Forestry managed investment scheme deductionU,Less:.00$,,CSection 46FA deductions for flow-on dividends,.00$,,Landcare operations and deduction for decline in value of water facility, fencing asset and fodder storage assetN.

7 00$,,Deduction for environmental protection expensesO,.00$,,Accounting expenditure in item 6 subject to R&D tax incentiveD,.00$,,Non-deductible expensesW,.00$,,Other assessable incomeB,.00$,, Australian franking credits from a New Zealand companyC,.00$,,TOFA income from financial arrangements not included in item 6E,.00$,,Franking creditsJ,.00$,,Non-deductible exempt income expenditureU,.00$,,Net capital gainAAdd:,.00$,,,SubtotalHave you applied an exemption or rollover? $,,POffshore banking unit adjustment,Do you need to complete the International dealings schedule 2016?Complete and attach an International dealings schedule 6H/ company tax return 2016 Sensitive (when completed)Less: continuedDo you need to complete a Losses schedule 2016?.00$,,,XOther deductible $,,Tax losses transferred in (from or to a foreign bank branch or a PE of a foreign financial entity)S.

8 00$,,Tax losses deductedR,.00$,,WTOFA deductions from financial arrangements not included in item 6,.00$,,,Subtraction items $,,,*Taxable/net income or $,,VExempt income,.00$,,QOther income not included in assessable income,8 Financial and other informationFunctional currency currency translation rateN$,,Opening stockA,.00$,,Purchases and other costsS,.00$,,Closing stockBCODE,.00 Trading stock electionYe sNo$,,Trade debtorsC,.00$,,All current assetsD,.00$,,Total assetsE,.00$,,Trade creditorsF,.00$,,All current liabilitiesG,.00$,,Total liabilitiesH,.00$,,Total debtJ,.00$,,Commercial debt forgivenessK,.00(an amount must be included even if it is zero)Franked dividends paidJ$,,,.00 Unfranked dividends paidK$,,,.00 Franking account balanceM$,,,.00S2S2 PAGE 7H/ company tax return 2016 Sensitive (when completed)9 Capital allowances$,,Other depreciating assets first deductedB.

9 00$,,Intangible depreciating assets first deductedA,.00 Depreciating assets first deducted in this income yearHave you self-assessed the effective life of any of these assets?Ye sNoC$,,Assessable balancing adjustments on the disposal of intangible depreciating assetsF,.00$,,Termination value of intangible depreciating assetsH,.00$,,Termination value of other depreciating assetsI,.00$,,Total adjustable values at end of income yearE,.00$,,Deductible balancing adjustments on the disposal of intangible depreciating assetsG,.00 Did you recalculate the effective life for any of your assets this income year?Ye sNoDFor all depreciating assets$,,Total deduction for decline in value of intangible depreciating assets used in exploration or prospectingK,.00$,,Total mining capital expenditure and/or transport capital that you allocated to a project pool and for which you can claim a deduction this income yearJ.

10 00$,,Total deduction for decline in value of other depreciating assets used in exploration or prospectingL,.00 For entities connected with mining operations, exploration or prospecting8 Financial and other information continued$,,Total salary and wage expensesDCODE,.00$,,Payments to associated personsQ,.00$,,Net foreign incomeR,.00Do you need to complete a Losses schedule 2016?Attributed foreign income$,,Listed countryB,.00$,,Transferor trustV,.00$,,Total TOFA gainsT,.00$,,Total TOFA lossesU,.00,CODE$,,Loans to shareholders and their $,,Excess franking offsetsH,.00$,,TOFA gains from unrealised movements in the value of financial arrangementsS,.00$,,Gross foreign incomeG,.00$,,Unlisted countryU,.00S2 PAGE 8H/ company tax return 2016 Sensitive (when completed)12 National rental affordability schemeNational rental affordability scheme tax offset entitlementJ.