Australia
Taxpayers resident in Australia pay income tax at various rates from 0% up to 47%. They may also be charged a Medicare levy of 1.5% where income exceeds certain thresholds. Some also have to pay a superannuation surcharge.
Non-resident taxpayers pay tax from 29% up to 47%.
The tax year-end is 30 June and tax returns must be filed by 31 October each year.
A similar Pay As You Earn scheme operates for the employed. Employers pay a fringe benefits tax (e.g. for employees cars, housing etc) of 48.5%.
Since 1 July 2000 a 10% Goods and Services Tax (GST) is charged on the supply of most goods, services and anything else consumed in Australia.
Australian links
This page was last reviewed on 03 April 2006. The information may not reflect changes in legislation made after this date.
This is only a guide to your tax position and should not be relied on in place of professional accounting or tax advice. Any calculated figures are illustrative and are based on the data you provided.
