Multiple Choice
Which of the following is not one of the tax implications of being in a partnership?
A) The partnership has to lodge an annual partnership return.
B) The partnership must be registered under the PAYG instalments scheme.
C) The partnership has its own TFN and can apply for an ABN.
D) The partnership pays tax in its own name.
Correct Answer:

Verified
Correct Answer:
Verified
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