Instructions for how to complete the declarations on the partnership tax return.
For a partnership, one of the partners must sign and date the declaration.
We are committed to reducing the costs involved in complying with your taxation obligations. By completing this item you will help us to monitor these costs as closely as possible. Your response to this item is voluntary.
When completing this item, consider the time, rounded up to the nearest hour, your business spent:
- reading the instructions
- collecting the necessary information to complete this tax return
- making any necessary calculations
- actually completing this tax return or putting the tax affairs of your business in order so that the information could be handed to your tax agent.
The answer should relate to the time the partners or tax agent spent in preparing and completing the tax return. This includes the time spent by any other person whose assistance was obtained in doing this, such as an employee.
If you are preparing this tax return on behalf of your client, include your time and a reliable estimate of their time.
If the tax agent is a partnership or a company, this declaration must be signed by a person authorised by that partnership or company to sign on its behalf. Print that person’s name at this item also.
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