Oceania & Pacific
Australia: tax at a glance
Residents are taxed on worldwide income at progressive rates up to 45%, plus a 2% Medicare levy. When someone stops being a resident, a deemed capital-gains disposal kicks in.
Worldwide (residence-based)
Last verified
Ways to relocate to Australia
The residency and citizenship routes that lead here, weighed against the tax picture above.
The taxes
- Personal income (top)
- 45%Progressive, with the top rate starting at AUD 190,000, plus a 2% Medicare levy (effective ~47%).
- Corporate income
- 30%
- Capital gains
- Taxed as ordinary income, with a 50% discount for assets held over 12 months.
- VAT / GST
- 10%
- Dividends (WHT)
- 30% on unfranked dividends. Franked dividends are exempt.
- Interest (WHT)
- 10%
- Royalties (WHT)
- 30%
- Social security (employee)
- None, aside from the 2% Medicare levy on income.
- Social security (employer)
- 12% superannuation guarantee, from 1 July 2025.
- Wealth tax
- None
- Inheritance / estate
- None. There is no estate or inheritance duty.
- Property tax
- State land tax, which varies, plus stamp duty on transfers.
- Other
- State payroll tax of about 4.75-6.85%, plus a Medicare levy of 2%.
How the system works
- Tax system
- Worldwide (residence-based)
- Foreign income
- Taxed (worldwide)
- Taxes by citizenship
- No
- Exit tax
- Yes, leaving has a cost
- CFC rules
- Yes
- CRS
- Participating
A special regime for new arrivals
Under the temporary resident concession, ITAA 1997 Subdiv 768-R, most foreign income and foreign capital gains are exempt. This applies only to temporary visa holders. It never applies to permanent residents.
The rates below are indicative headline figures (top marginal, standard, and headline rates), reviewed 2026-07. Brackets, surcharges, and state, provincial or cantonal taxes vary. Treat this as a reference map, not advice.