In Australia, there are three sources of income tax paid by individuals: the personal income tax (paid on salaries and earnings), the business income tax (paid on the company’s benefit) and the property tax (paid on assets value).

Personal Income tax

This is a question every expat wonders when they live abroad. When you are an international, where do you pay taxes?

Two options are possible. As an expat resident in the country, you pay taxes in Australia on money earned worldwide. By resident, it means living in the country for more than 183 days a year. If you have a principal home in Australia or a temporary resident visa, you’re also considered as resident for tax purposes.

Individual tax rates for residents:

As an expat non-resident in Australia, you pay taxes on money earned only in the country.

Individual tax rates for non-residents:

Business income tax

The tax rate of companies is a flat rate of 30%. A lower tax rate of 28.5% applies for small businesses (turnover of less than 2 million Australian dollars).

Capital Gains tax

This tax applies for both individuals and companies who owns an asset.

Australians property taxes are known as land rates. Land rates depend on the local councils, as well as the frequency of payment. There’s also a stamp duty applying when a property is bought. The stamp duty rate depends on the property value and the state (within a range of 1% to 6.75%).

Sales taxes

The Goods and Services Tax in Australia is around 10% on goods and services sales value. is a news site only and not a currency trading platform. is a site operated by TransferWise Inc. (“We”, “Us”), a Delaware Corporation. We do not guarantee that the website will operate in an uninterrupted or error-free manner or is free of viruses or other harmful components. The content on our site is provided for general information only and is not intended as an exhaustive treatment of its subject. We expressly disclaim any contractual or fiduciary relationship with you on the basis of the content of our site, any you may not rely thereon for any purpose. You should consult with qualified professionals or specialists before taking, or refraining from, any action on the basis of the content on our site. Although we make reasonable efforts to update the information on our site, we make no representations, warranties or guarantees, whether express or implied, that the content on our site is accurate, complete or up to date, and DISCLAIM ANY IMPLIED WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE. Some of the content posted on this site has been commissioned by Us, but is the work of independent contractors. These contractors are not employees, workers, agents or partners of TransferWise and they do not hold themselves out as one. The information and content posted by these independent contractors have not been verified or approved by Us. The views expressed by these independent contractors on do not represent our views.