Lowtax Network

Back To Top


Australia Business, Taxation and Offshore Information

Australia Business, Taxation and Offshore Information

Australia is the world’s smallest continent and sixth-largest country, lying between the Pacific and Indian Oceans in the Southern Hemisphere. Covering over 7.5m square kilometres of land, it consists of the continental mainland plus the island of Tasmania and numerous smaller islands.

Australia’s population is 25 million and, while around 90% of Australia’s population is of European ancestry, there has been significant immigration from Asia. English is the national language and there is no state religion, though over 60% of Australians are at least nominally Christian.

The federated Commonwealth of Australia is composed of six states and two mainland territories. The head of state is the British monarch, currently Queen Elizabeth II. Elections for the Senate and House of Representatives are normally held at the same time every three years. The political party with majority support in the House forms the government and its leader becomes prime minister. The previous prime minister, Malcolm Turnbull, held office from September 2015 to 24 August 2018. Following a leadership contest (known locally as a ‘spill’), he resigned as prime minister, citing tensions and discontent within the Liberal party. The current prime minister is Scott Morrison. More »

 

Australia Knowledge Base

Australia: Country and Foreign Investment
A quick overview of Australia - its history, geography, and business advantages.
Australia Executive Summary »
Australia Geography »
Australia History, Population, Language and Culture »
Australia Government
Australia Economy and Currency »
Australia Entry and Residence »
Australia Business Environment »
Australia Investment Incentives »

Australia: Types of Company
A look at various types of company in Australia, providing options to suit different business needs.
Australia Company Introduction »
Australia Private Limited Liability Company »
Australia Public Limited Liability Company »
Australia Partnership »
Australia Branches and Representative Offices »

Australia: Tax-Efficient Sectors
These pages examine tax-efficient sectors in Australia, in order to identify which business forms have available tax incentives.
Australia Tax-Efficient Business Forms »
Australia Tax-Privileged Business Sectors »

Australia: Domestic Corporate Taxation
A guide detailing the scope and rate of taxes affecting companies in Australia.
Australia Scope of Income Tax »
Australia Income Tax Rates »
Australia Calculation of Taxable Base »
Australia Filing Requirements and Payment of Tax »
Australia Witholding Taxes »
Australia Sales Taxes and VAT »

Australia: Personal Taxation
An overview of applicable taxes for individuals in Australia.
Australia Residence and Liability for Taxation »
Australia Rates of Income Tax »
Australia Social Security Taxes »
Australia Property Taxes »
Australia Inheritance and Gift Taxes »

Australia: Double Tax Treaties
Treaties and international agreements that Australia has in place, to mitigate the effects of double taxation.
Australia Tax Treaty Introduction »
Australia Tax Treaty Agreements »
Australia Table of Treaty Rates »
Australia Other International Agreements »

Australia: Related Information
Other useful information pertinent to Australia.
Australia Table of Statutes »
Map of Australia
Offshore Banking Units »
Corporate Taxation for Resident Multinationals »
Pooled Development Funds »
Inward Investment Incentive Program »
The Ralph Corporate Tax Reforms »
Individual Non-Resident Taxation in Australia »
Venture Capital Investment Incentives »
Living and Working in Australia - The Expatriate Perspective »
Doing Business in Australia »
Outward Investment - The Offshore Perspective »
Recent and Proposed Tax Reforms »