Tax
While nobody looks forward to seeing tax taken out of their pay check, Australia is the great country it is because of taxes. Tax collected in the form of income tax and GST pays for almost most everything we value – a strong education, good health care, safe roads and bridges, reliable public transport, protected national parks and wildlife, and police to secure our protected way of life. These are many of the things you as a migrant will also be happy to contribute tax towards.
Income Tax
Income tax is important government revenue source for the government. Almost everyone pays tax on their salary.
Tax File Number
Getting a Tax File Number (TFN) is an important step. You can apply as soon as you arrive and have an address here.
Resident For Tax Purposes
A Resident for Tax Purposes spends more than half the year in Australia. This is important for your tax return.
Goods & Services Tax (GST)
The Goods and Services Tax (GST) is a 10% ‘value added’ tax paid on most goods & services. This is included in the price you see on a price tag.