Australian taxation office (ATO) collects taxes on behalf of the government.

TAXES IN AUSTRALIA

–PERSONAL INCOME TAX(Individual and individual business owners)

–Corporation taxes- 30% flat rate

–Capital gain is included in the income taxes

–gift and inheritance are not taxed

–Withholding tax(WHT)

PERSONAL INCOME TAX RATE 2021/2022

$0-$18,200 0%

$18,201-$45,000 19%

$45,001-$120,000 32.5%

$120,0001-180,000 37%

%180,0001 and over 45%

SEE MORE A. INTERNATIONAL TAX SYSTEM B.BUSINESS AND IT BOOKS C.TAX SOFTWARE

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