Australia Forex License
Local legal entity
2.Proof of Residence
3.Certificate of Non-criminal Record
4.Proof of Non-bankrupt Record
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The Council of Financial Regulators
+61 2 9551 9830
25,499,884 (as of July 2020)
License application form
Online application form
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Australia has a complex taxation system that includes various taxes at the federal, state, and local levels. The Australian Taxation Office (ATO) is responsible for administering the tax system and collecting taxes.
- The corporate tax rate in Australia is 30% for most companies. Small businesses with an annual turnover of less than AUD 50 million are eligible for a lower tax rate of 25%.
- Companies are required to file their tax returns annually, and the tax year runs from July 1st to June 30th.
- The deadline for lodging a company tax return is usually October 31st, following the end of the financial year. However, if you use a tax agent, you may be eligible for an extension.
- Companies are also required to make quarterly tax instalments based on their expected tax liability for the current financial year.
- The personal income tax system in Australia is progressive, meaning that individuals pay higher tax rates as their income increases.
- For the tax year 2021-2022, the tax-free threshold is AUD 18,200, and the highest marginal tax rate of 45% applies to income over AUD 180,000.
- Individuals are required to file their tax returns annually, and the tax year runs from July 1st to June 30th.
- The deadline for lodging an individual tax return is usually October 31st, following the end of the financial year. However, if you use a tax agent, you may be eligible for an extension.
- Employees also have taxes withheld from their paychecks throughout the year, known as Pay As You Go (PAYG) withholding.
Goods and Services Tax (GST):
- The GST is a value-added tax of 10% that applies to most goods and services sold in Australia.
- Businesses with an annual turnover of less than AUD 75,000 are not required to register for GST, while businesses with a turnover above this threshold must register and collect GST from their customers.
- Businesses are required to file GST returns quarterly or annually, depending on their turnover.
It's recommended that companies and individuals seek the advice of a tax professional or the ATO for specific taxation requirements and deadlines.