Taxation study now offers a choice of two subjects:
Australia Taxation – Advanced
You can study one or study both – the choice is yours. Here's some information to help you decide what's right for you:
|Your career path||Your choice|
|If you need to complete taxation study to become a CPA (1)||Choose Australia Taxation or your local variant.|
|If you want to go one step further to enhance your taxation studies or pursue a career in taxation in Australia (2)||Choose Australia Taxation - Advanced.
This subject was formerly known as Advanced Taxation. We've updated the name to reflect the Australian focus of the subject. There is no change to the learning outcomes or examination of the subject.
|If you intend to obtain a CPA Australia Public Practice Certificate and you have migrated to Australia in the last five years (3). Choose either subject if you have not already completed Australia-specific tax from a recognised university.||Choose either subject if you have not already completed Australia-specific tax from a recognised university|
(1) Taxation study to become a CPA
All CPAs are expected to be well-rounded professionals. The Australia Taxation subject is designed to equip you with the level of taxation competency expected of a CPA.
If you are required to complete taxation study as a compulsory subject in the CPA Program, then we recommend you complete Australia Taxation or the local variant available for members in Hong Kong, Malaysia, Singapore or New Zealand.
When you log into My CPA Program, you'll see Australia Taxation listed as a compulsory subject as well as information on how to select a local variant, if appropriate.
(2) Taxation study for a taxation career in Australia
If you intend is to pursue a career in the field of taxation in Australia, then Australia Taxation – Advanced would be the right choice for you. This subject meets the requirements of an advanced unit of taxation study when registering as a Tax Agent with the Tax Practitioners Board (TPB) in Australia.
If this is your chosen career path, we strongly recommend you first visit the TPB website to make sure you understand the full qualification and experience requirements.
This subject is available for completion within the CPA Program. However, as we recommend members have pre-requisite knowledge in Australian taxation, you'll need to contact us to talk through your circumstances. If appropriate, we can enrol you over the phone.
You may also complete Australia Taxation – Advanced outside of the CPA Program after you've advanced to CPA status.
(3) Taxation study to obtain a CPA Australia Public Practice Certificate
To provide public accounting services in Australia or New Zealand and earn more than $10,000 gross in fees each calendar year, you must hold a Public Practice Certificate. This requirement applies to all members, no matter where in the world you are located.
Completion of Australia Taxation or Australia Taxation – Advanced is only required if you have migrated to Australia in the last five years and you have not already completed Australian-specific tax at a recognised university.
Income generated from trusts is treated differently to other sources of revenue. CPA Australia’s guides to trusts explain how to approach this.
PAYG, FBT, BAS and IAS Notices
These templates will help you communicate with your clients about pay as you go, fringe benefits tax, business activity statements and instalment activity statements.
Taxation research and initiatives
The resources below discuss the impact tax reform has on households and the Australian economy
New Zealand’s Inland Revenue targets tax compliance burden
IRD seeks input from tax practitioners and professional bodies as part of its bid to improve service.
ATO’s data matching ramps up and focuses on SME reporting
Here’s how to ensure your clients are correctly accounting for their income and use of assets.
TPB review: What it means for tax practitioners
The final report of the Review of the TPB has many noteworthy recommendations but more consultation is needed on implementation.