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Income Tax
in Australia

   Income tax in Australia is high but fair. Taxation is made by layers of income, and the more a person earns, plus tax paid. One of the things that most Australians are vigilant, is on the application made by the Government of the money paid by Taxpayers to the Taxation Office, and if the Government won't use the money properly, they will get complaints from all sides, from the population, media as well as opposition parties.


Virtually everyone pays tax in Australia  being a very small portion of the population taxfree. Tax evasion is a very serious crime, and for sure people will go to prison, no matter the amount. Information is crossed over by all organizations not only from the employer, but also from the official organizations of social security, as well as your bank statement throughout the year (there is no banking secrecy to the Taxation Office).


For employees, the tax is deducted at the time of the payment, and for the self-employed is paid at the end of the fiscal year ( 30/06) . For all working people and does not matter if they are international student or not, you have to take a number by the Australia Taxation Office (ATO). International students and workers may request at least part of the taxes paid at the end of the financial year in Australia if you are receiving between the brackets or you may request the money paid on taxes when leaving Australia permanently, in addition to being able to receive back the money of the Superannuation paid in your account.


Income tax for Residents (2011/2012): 

Important note: If you stay in Australia for more than 6 months, you are considered "resident" in the Bank for income tax purposes, anyone including international students (so you will pay less tax).Read more....

Income Tax AUD (Australian Dollar) per year:((2011/2012):

Up to 6000 - pay nothing
Between $ 6.001 and 30.000 - Pays 15 cents on every dollar earned above 6,000
Between $30.001 and 75.000 - Pays a fixed 3,600 + 30 cents for each 1dólar won over 30,000
Between 75.001 and 150.000 - Pays a fixed 17,100 + 40 cents for every 1 dollar gain above 75,000
Over 150.000 year - Pays a fixed 47,100 + 45 cents per 1 dollar gain above 150,000

  TAX INCOME From 2014

Income Tax AUD (Australian Dollar) per year:(

up to $18,200  pay nothing
Between $ 18,200 and 30.000 - Pays 15 cents on every dollar earned above 6,000
Between $30.001 and 75.000 - Pays a fixed 3,600 + 30 cents for each 1dólar won over 30,000
Between 75.001 and 150.000 - Pays a fixed 17,100 + 40 cents for every 1 dollar gain above 75,000
Over 150.000 year - Pays a fixed 47,100 + 45 cents per 1 dollar gain above 150,000

Despite the taxies are high in Australia most people don't complain as they receive lots of services paid by taxes. As an Aussie friend told me, if you are paying lots of taxes in Australia, you are earning very well.

Please Call my accountant ASAP!
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