The first part of this course examines Goods and Services Tax (GST). Emphasis is placed on the practical operation of GST. Topics discussed include: registration; taxable supplies; input tax credits; adjustments; accounting for and documenting GST; treatment of GST free supplies; treatment of input taxed supplies; and anti-avoidance provisions. The second part of this course deals with Fringe Benefits Tax (FBT). Topics include: the calculation of FBT liability; the rationale behind grossing up the taxable value of fringe benefits; definition of fringe benefit; valuation rules for fringe benefits; exempt fringe benefits; reconciliation with income tax; treatment of income tax exempt employers; and the use of fringe benefits in salary packaging.