1. First, you need to determine the types of dividends, which are generally divided into ordinary dividends and special dividends. Ordinary dividends are calculated according to a certain proportion, while special dividends are usually decided and announced by the company.
Then you need to calculate the personal income tax in Australia. The tax is calculated according to dividend income, and its tax rate is gradually increasing, ranging from 0% to 45%.
3. If you are a non-resident, you need to calculate the tax according to the relevant regulations. In this case, it can be reduced or exempted according to Australia's double taxation agreement.
4. Finally, if you have held shares in Australia for more than 12 months, you may be eligible for capital gains tax discount. This means that you can subtract a certain amount of basic tax relief from your stock income, and you can reduce the capital gains tax by as much as 50%.