How to deal with tax returns, corporate income tax, personal income tax and value-added tax of Australian companies?

Companies incorporated in Australia shall pay income tax on all their sources according to local laws, regardless of whether their income comes from within or outside Australia.

Generally speaking, enterprise income tax is levied according to its net income. In addition to business income, profits made by Australian companies from trade should also be taxed. The corporate income tax rate in Australia is 30%. If the company loses money, it can be deducted from the current income tax.

Australian residents pay taxes according to all sources of income, including domestic and foreign taxes. Non-Australian residents living in Australia must also pay taxes according to regulations.

Individual income tax of residents ranges from 0 to 47%. If the annual income of residents does not exceed 8,000 Australian dollars, there is no need to pay personal income tax. If the income exceeds 12500 1, 47% personal income tax shall be paid. Personal income tax in Australia is paid at different points of annual income.