*Ostroff, Fair and Company>>>Australia Taxes

How much is GST tax Incometax CompanyTax n othertaxes,if any, in Australia?

Federal:
- GST is 10% on most goods and services, similar to the way VAT is charged (throughout the production process, not just at retail), but not on unprepared food, medical services, residential rent, education.
- Company Income tax 30%, but shareholders are credited with this tax when they receive dividends, e.g. 70 cents dividend gets 30 cents tax credit.
- Personal Income Tax; see URL below.
- Import tariffs

States/Territories:
No sales taxes, no income taxes.
- Land tax
- Stamp duty on contracts and transfers of some securities in some states/territories.
- Council rates (paying for local services) Source(s): http://ato.gov.au/individuals/content.as...

gst is 10 %

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