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TAX RATES
The following tables highlight some of the significant tax rates applicable in Australia for the year ended 30 June 2007 and 30 June 2008.
Resident Individual Rates
Non-Resident Individual Rates
Company Rates
Goods and Services Tax (GST) The rate of GST is 10% across the country for all taxable goods & services. No GST is payable on GST-free Supplies, these include exports, health and medical care, education and child care, food, charities, international transport and travel and other GST-free supplies. No GST is payable on input taxed supplies. These include financial supplies, residential premises for rent, sales of residential premises, food at school tuckshops and other input taxed supplies.
For details on GST-free and input taxed supplies, please contact our partners on 02-9264-9144.
Land Tax Land tax is a State tax that is assessed to the owner of the land. The land tax legislation is different from State to State. We have highlighted, below, some of the NSW land tax information
2007 The 2007 land values threshold for commercial, industrial and non-principal places of residential properties is $352,000 (2006: $352,000). The land tax payable is
$100+1.7% of the excess over the abovementioned thresholds. Land tax is subject to a
special trust, or is owned by a non-concessional company, will be taxed at
the rate of 1.7 cents for each $1 of the taxable value.
Superannuation contributions – age-based limits o Contributions made by employers
o Contributions made by self employed persons
DISCLAIMER We accept no responsibilities for error or omission or inaccuracies contained herein. This web site is used for general information only and should not be acted upon by any parties without specified advice.
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