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Australia Forex License
FX Licenses
Price
25.000.00
Capital requirement
Margin
1:10
Application period
30 days
Requirements
Local legal entity
Local office
Local director
Documents checklist:
1.Passport
2.Proof of Residence
3.Certificate of Non-criminal Record
4.Proof of Non-bankrupt Record
5.Bank Statement
6.Education Certificate
FAQ
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Regulator
Organization name
The Council of Financial Regulators
Abbreviation
CFR
Country
Australia
Phone
+61 2 9551 9830
About
About
Capital
Official languages
Population
Currency
ISO 4217
Canberra
English
25,499,884 (as of July 2020)
Australian Dollar
AUD
License application form
Online application form
Representative
Company
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Legal address
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PDF application form
FX B2B hub provides fillable PDF application forms, you can simply save the filled form and send us by email clicking here process@fxb2bhub.com or live chat
Taxation
Author
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.
Corporate Taxation:
- 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.
Personal Taxation:
- 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.