 |
| Income |
| Taxation |
| in
Australia |
|
The
taxation in Australia
is considered high however fair. The taxation is
made by levels of income. The more the person
earns, the higher is the tax. Australians pay a
lot of attention where the government is investing
the money paid by the Taxpayers
(contributing) to ATO (Australian
Taxation Office), and if the government do not
use well the money, it will be a big issue from
the population, as well as from the opposition
parties.
Everybody
practically pay tax,
being the level of exemption very low. Tax evasion is a
serious crime, and it will be for sure, an easy way to the
prison, doesn't matter the amount. All the information is
crossed, not only with the ones coming from the employer, but
also with official departments such as social welfare and
banks, (there is no privacy for the Taxation Office).
For
employees the tax is
deducted at the time of the payment, and for the Self-
employed the tax is paid in the end of the financial year,
that starts 1º of July of each year. Any worker, either
international student or not, has that to get a number
for income tax from the
Australia Taxation Office (ACT). International
students will be able to request at least part of the paid
taxes in the end of the financial year or when leaving
Australia definitively besides the Superannuation.
Levels
of Income and Taxation for
Residents
(2007):
|
AUD$
(Australian Dollar) for annual income: |
| Up
to
6000 -
paid nothing |
| Between
$ 6.001 and 30.000 -
income above $ 6000 will pay 15 cents
on each dollar |
| Between
$30.001 and 75.000
-
income above $30 000 will pay $3.600 + 30
cents on each dollar above. |
| Between
75.001 and 150.000 -
income above $ 75 000 will pay $17.100 + 40
cents on each dollar above. |
| Above
$150.000 per year -
income above$ 150 000 will pay $ 47
100 + 45 centavos on each dollar
above. |
Levels
of Income and Taxation to
No Residents
Important
Note: if
you are in Australia for more than 6 months, you
can be considered resident for taxation. This
rule also apply of International students (so
you may pay less tax.). Reads
more here.
|
AUD
$ (Australian Dollar) for annual
income:
|
| Between
$0 and 30.000
- will pay $ 29 cents over each 1
dollar of income. |
| Between
$30.001 and 75.000
- will pay $ 8.700 + 30 cents
for each 1 dollar above $ 30.000. |
| Between
$75.001 and 150.000
- will pay $ 22.250 + 40 cents for
each 1 dollar above $ 75.000 |
| Above
of $150.000 per year
- will pay $ 52.200 + 45 cents for
each dollar above $ 150.000 |
Despite
the high taxation the
majority of the population does not complain in function of
the quality of the services they get through the taxes paid.
Once, an Australian friend told me:- if you are paying too
much taxes in Australia, it is a signal that you are earning
very well.
 |
| Call
urgently our accountant and let's peel this big pineapple,
big John! |
|
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