TAX NATIVES
GLOBAL
Australia
Last Updated 17/12/2024
AT A GLANCE
Are you a UK expat looking for expert Australia tax advice? Tax Natives offers personalised guidance for expats and businesses who need help with tackling a number of tax problems.
Get started today to take back control of your Australia tax matters.
THE SUMMARY
Mainland Australia, plus the island of Tasmania and a raft of smaller islands in the Pacific and Indian Oceans, make up this southern hemisphere country. Its capital, Canberra, is found in the Australian Capital Territory – one of the country’s six states.
With English as its official language and its state currency the Australian dollar (AUD), Australia has secured its place as an advanced and internationally competitive market economy.
Australia was colonised in the 18th and 19th centuries by the British, who seized land from the indigenous Aboriginal population. Since then, Australia’s plentiful natural resources have attracted consistent investment from abroad. In the 1990s, it had one of the world’s fastest growing economies. Now, it continues to be a major exporter of natural resources, food and energy and has a significant services sector.
Our local Tax Natives can tell you everything you need to know about the ins and outs of your tax obligations in Australia. Whether you’re buying a single property, or doing millions of dollars of business, we’ll get you the advice you need. Just say the word and we can put you in touch with a local expert who can answer all your questions.
THE HEADLINES
- Corporate income tax is 25% for small to medium businesses and 30% for everyone else.
- Personal income tax rate is 45%
- Standard VAT rate is 10% for goods and services
CONNECT WITH AUSTRALIA TAX EXPERTS
We connect you with the best Australia tax specialists who offer personalised advice on all your tax needs.
Whether you’re a UK expat or a business, our network of tax consultants is here to help and make matters of Australian tax less of a burden on your bottom line.
So, what are you waiting for? Connect with your own tax expert today and have all your Australia tax questions answered in no time.
HOW IT WORKS
It’s never been easier to find an Australia tax advisor you can count on. Our simple platform makes getting tax help easier than ever. Here’s how it works:
1. SHARE YOUR NEEDS
Let us know about your tax situation via a quick, easy form or questionnaire.
2. SAY HELLO TO YOUR EXPERT
Our intelligent matching system connects you with the exact Australia tax advisor you need.
3. ENJOY EXPERT GUIDANCE
Enjoy personalised consultations, experienced tax advice and the best possible support.
A SUMMARY OF THE AUSTRALIAN TAX LANDSCAPE
Staying compliant with the Australian tax system can be tough when the rates and compliance requirements are always changing.
That’s where Tax Natives comes in.
With our personalised tax planning services, you’ll stay on the right side of the law while getting the most out of your taxes.
PERSONALISED TAX SOLUTIONS FOR INDIVIDUALS AND BUSINESSES IN AUSTRALIA
Our Australia tax experts have an unbeatable knowledge of the AUS tax system and are ready to give you the very best guidance. So, whether you’re managing personal or corporate tax issues, give us a message today.
KEY US TAX RATES AT A GLANCE
| Tax Type | Tax Bracket | Tax Rate |
|---|---|---|
| Personal Income Tax (Residents) | $0 – $18,200 | 0% |
| $18,201 – $45,000 | 19% | |
| $45,001 – $120,000 | 32.5% | |
| $120,001 – $180,000 | 37% | |
| $180,001 and above | 45% | |
| Medicare Levy | All income | 2% |
| Corporate Income Tax | Small Business (turnover < $50 million) | 25% |
| All Other Businesses | 30% | |
| Goods and Services Tax (GST) | All taxable goods and services | 10% |
| Capital Gains Tax (CGT) | Included in personal/corporate income tax rates | N/A (with potential 50% discount for individuals) |
YOUR TRUSTED PARTNER FOR AUSTRALIA TAX MATTERS
Remove the stress from managing your Australian taxes with Tax Natives.
Our expert network connects you with qualified tax advisors specialising in compliance, optimisation, and offering that all-important peace of mind.
So, don’t let tax struggles hold you back – get started today. It’s just a click away.
WHY CHOOSE TAX NATIVES?
We’ve helped hundreds of people and businesses just like you. No matter the tax problem you’re facing, you can count on our help – here’s why:
1. EXPERT NETWORK
Connect with a huge network of Australia tax experts who can give you personalised advice and all the latest tax updates.
2. PERSONALISED MATCHING
Our personalised matching system connects you with the right tax advisor based on your specific tax situation.
3. DEDICATED SUPPORT
From day one, enjoy the peace of mind that comes with dedicated, experienced support from your tax advisor.
PERSONALISED TAX SOLUTIONS FOR INDIVIDUALS AND BUSINESSES IN AUSTRALIA
Our Australia tax experts have an unbeatable knowledge of the AUS tax system and are ready to give you the very best guidance. So, whether you’re managing personal or corporate tax issues, give us a call today.
PERSONAL TAX SERVICES
We offer in-depth support for people dealing with Australian tax matters, including:
FOR EXPATS LIVING AND WORKING IN AUSTRALIA:
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Australian tax for UK expats – Get expert guidance on the AUS tax system and manage your UK tax obligations efficiently.
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Personal tax – Simplify your personal tax filings with expert support so you’re taking advantage of all reliefs and deductions in the future.
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Tax compliance – Avoid penalties and stay compliant with Australian tax laws to avoid penalties from international tax authorities.
FOR AUSTRALIAN CITIZENS LIVING IN THE UK:
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Australian tax for AUS citizens living abroad – See how to best comply with AUS tax while living and working overseas.
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Personal tax – Simplify personal tax filings with our clear guidance so you can take advantage of all relevant reliefs and deductions available.
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Tax compliance – Stay compliant with Australian tax laws to avoid penalties from international tax authorities like the HMRC.
FOR HIGH NET-WORTH INDIVIDUALS WITH AUSTRALIAN CONNECTIONS:
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Tax planning and optimisation – Maximise your tax position in a way that aligns with your unique financial goals and keeps you compliant.
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Family trusts – Make sure your family trust is structured for compliance and tax efficiency to help protect your assets for beneficiaries.
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Capital gains tax (CGT) – Get clear, straightforward advice on managing your CGT obligations on investment and more.
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Australian inheritance and gift tax – Understand obligations for inherited assets or gifts from Australia and avoid unexpected liabilities.
FOR UK INVESTORS IN AUSTRALIAN REAL ESTATE:
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Australia real estate tax – Get advice on the tax implications of owning, buying, or selling property in Australia to avoid costly surprises.
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Capital gains tax (CGT) – Manage CGT on real estate investments in Australia to reduce tax exposure and take advantage of any relief.
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Tax planning and optimisation – Plan your real estate investments to maximise returns while staying tax-efficient over the long term future.
FOR UK INDIVIDUALS WITH AUSTRALIAN INHERITANCE:
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Australian inheritance and gift tax – Understand your tax liabilities on inherited assets or gifts received from Australia to avoid penalties.
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Tax compliance – Ensure you stay compliant with both UK and Australian tax laws when dealing with inheritances to avoid fines and complications.
CORPORATE TAX SERVICES
If you run a business, we can help you reduce your tax liabilities and improve your bottom line.
FOR UK COMPANIES WITH AUSTRALIAN SUBSIDIARIES OR BRANCHES:
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Australian corporate tax – Manage your company’s tax obligations with in-depth support and advice on deductions and filing requirements.
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State tax and nexus – Understand your company’s state tax responsibilities and nexus issues across Australia to stay compliant.
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Tax compliance and reporting – Make sure you’re accurately reporting your taxes and remain compliant with Australian law.
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Employment tax – Address any employment-related tax issues, such as payroll tax, social security, pension contributions, and more.
FOR UK BUSINESSES EXPANDING TO THE AUSTRALIAN MARKET:
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Australian corporate tax – Learn corporate tax needs when setting up in Australia, including deductions and filing requirements.
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State tax and nexus – Understand state-specific taxes before entering the Australian market so things run smoothly wherever you’re based.
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GST tax – Understand and manage your Goods and Services Tax obligations to avoid penalties and stay in good standing with authorities.
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Employee share scheme – Get advice on executing and managing employee share schemes, aligning with local tax rules and incentives.
COMPANIES WITH CROSS-BORDER TRANSACTIONS WITH AUSTRALIA:
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Transfer pricing – Understand the particulars of transfer pricing regulations between Australia and elsewhere to stay compliant.
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International tax planning – Plan your business’s international tax strategy across multiple jurisdictions to keep liabilities low.
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Partnerships – Get relevant and expert advice on tax matters related to your business partnerships, including profit-sharing and compliance.
FOR BUSINESSES WANTING TO OPTIMISE THEIR AUSTRALIAN TAX POSITION:
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International tax planning – Lower tax burden by strategically planning across multiple countries around the world.
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Australian corporate tax – Take advantage of deductions and benefits in the Australian tax system for better efficiency.
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Tax compliance and reporting – Stay on top of reporting requirements to avoid penalties and unwanted attention from Australian authorities.
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Tax litigation – Handle tax disputes and litigation easily and with confidence thanks to expert support that has your back at all times.
Tax experts in the region
How Tax Natives works.
Tax Natives is an international tax network that connects Explorers (taxpayer clients) with Natives (qualified and regulated tax advisers) from one jurisdiction to another.
Ask a question to get startedSTEP ONE
Select the 'Ask a question button located on the top of each page and follow through the process to compose your question
STEP TWO
Once your question is confirmed and your account is set up, navigate to your user dashboard to view the message exchange between you and your Tax Native.
STEP THREE
Each Tax Native has to accept a question from an Explorer before a conversation can begin. Once the Tax Native has accepted your question, a quote will be submitted for approval through the messaging portal.
Expert Tax Advice Services in Australia
Here is a summary of some of Australia’s tax-related information:
Corporate Taxes
- Headline corporate income tax (CIT) rate is 30% (25% for small-medium business entities)
- CIT return due date is generally the 15th day of the seventh month following the end of the income year
- CIT final payment due date is the first day of the sixth month following the end of the income year
- Monthly or quarterly CIT estimated payment due dates
Personal Taxes
- Headline personal income tax (PIT) rate is 45%
- PIT return due date is October 31st
- PIT final payment due date is as stated on the assessment notice
- Quarterly PIT estimated payment due dates: October 28th, February 28th, April 28th, and July 28th
Wealth and death taxes
- Australia does not have a net wealth/worth tax
- There is no inheritance or gift tax in Australia
- There are no death taxes in Australia
Capital Gains
- Capital gains are subject to the normal CIT or PIT rate
Property taxes
- All states and territories (except the Northern Territory) charge a tax based on the unimproved value of land.
- All states and territories charge a stamp duty on various transactions, including real estate conveyances. Rates and exemptions vary by state.
Sales Tax
- The standard VAT rate is 10%
- Withholding tax (WHT) rates are 0% for residents and 30% for non-residents, with certain exemptions that may apply
Get personalised Australian tax advice today
Ready to take the next step in solving your Australian tax issues? Get in touch with Tax Natives today for expert tax advice. Fill out the form for a free consultation today, and we’ll get back to you as soon as possible.
Contact
Your Australian tax questions answered
Got questions about choosing a tax advisor in Australia? We’ve got you covered. Check our most common ones below, or get in touch if you can’t find what you need.
How much does tax advice cost in Australia?
The cost of tax advice in Australia depends on your specific tax situation and the expertise of your advisor. Basic consultations will start at a lower rate compared to an international tax planning strategy.
How do I find a tax advisor who specialises in my specific needs?
Finding the right tax advisor for your needs is important, which is why Tax Natives helps match you with a tax advisor who specialises in your area of concern. Get in touch today to learn more.
What qualifications should I look for in an Australian tax advisor?
When choosing your tax advisor, look for qualifications like CPA (Chartered Practising Accountant), CTA (Chartered Tax Adviser), or membership in recognised bodies like the Tax Institute of CPA Australia.
Can a tax advisor help me with ATO inquiries or investigations?
Yes, a qualified tax advisor can help you with ATO inquiries or investigations by helping you understand your obligations, prepare the right documentation, and represent you in discussions with the ATO.
How can I ensure I'm getting the most out of my tax advisor?
To get the most out of your tax advisor, be clear and straightforward when discussing your goals and offer all the relevant information as soon as possible. Keep in touch regularly and ask questions whenever one comes up.
Do I need to file Australian taxes if I'm a UK citizen living in Australia?
Yes, if you are a UK citizen living in Australia, you may need to file Australian taxes, depending on your residency status. Generally, if you are considered an AUS resident for tax purposes, you’ll be taxed on worldwide income.
What are the tax implications of owning Australian property as a UK resident?
If you are a UK resident with property in Australia, you may be liable for Australian taxes on rental income, CGT on the sale of property, and possibly stamp duty at the time of purchase.
How can I avoid double taxation between the UK and Australia?
To avoid double taxation, you can take advantage of the Double Taxation Agreement between the UK and Australia, which helps make sure you don’t pay tax on the same income in both countries.
What are the tax implications of transferring my UK pension to Australia?
There are some major tax implications to transferring your UK pension to Australia. If done correctly, you might avoid UK tax penalties but may still face AUS tax on pension withdrawals.
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