AI-Assisted Content: Summaries are AI-generated for general reference. Always verify with the official tax authority.
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Oceania

Australia

Australia applies progressive personal income tax plus 2% Medicare levy. Capital gains have a 50% discount for assets held over 12 months. GST is 10%.

Personal income tax

0–45% (+ 2% Medicare)
Top marginal rate / range

Corporate tax

25% / 30%
Standard rate

VAT / Sales tax

GST 10%
Standard indirect tax

At a glance

  • Tax year1 July – 30 June
  • Filing deadline31 October
  • CGT discount50% for 12+ months
  • Super11.5% employer
Official Tax Authority Australian Taxation Office
Visit official site →
This is a brief, AI-assisted summary intended for general reference only. Tax laws change frequently and vary by individual circumstance. Always verify current rates, rules, and obligations with Australia's official tax authority (linked above) or a qualified tax professional before making any decision.