When operating a business in Australia, understanding the local tax system is an important step to ensure compliance with business regulations. Australia's tax system includes specific taxes such as corporate income tax, value-added tax, and personal income tax. The following is a detailed introduction to some key aspects of corporate taxation in Australia.

 

Corporate Income Tax
Tax Rate
Standard tax rate: Australia's standard corporate income tax rate is 30%.
Small business tax rate: The small business tax rate for businesses with an annual turnover of less than AUD 50 million is 27.5%.
Tax obligations
Enterprises need to declare and pay corporate income tax every year, which is usually divided into advance payment and annual settlement. Advance payment will be adjusted at the annual settlement.

 

VAT (Consumption Tax) Rates
Standard rate: 10%
Tax obligations
Enterprises need to declare and pay VAT on a monthly or quarterly basis. VAT payment includes the deduction of output tax and input tax.

 

預扣稅
Tax Rate
股息、利息和特許權使用費：30%。
服務費：無
Tax obligations
企業在支付上述收入時需預扣並繳納預扣稅。

 

Personal income tax
Tax Rate
Progressive tax rates: ranging from 0% to 45%, depending on individual income level
Tax obligations
Companies are required to withhold personal income tax for their employees and submit monthly reports and payments.

Other taxes

Import tariffs

The tax rate ranges from 0% to 5% depending on the type of goods and their origin.

特別消費稅
適用於特定商品如菸草和酒類，稅率從10%到70%不等。

Tax incentives
Investment Incentives
The Australian government provides a variety of tax incentive policies to attract foreign investment and promote local investment, including but not limited to:
Tax exemptions: Newly established enterprises in certain industries such as high-tech, agriculture and environmental protection industries can enjoy corporate income tax exemptions for a certain period of time.

 

Tax exemption period: Enterprises investing in specific economic zones can enjoy a certain period of corporate income tax exemption.
Regional Specials
Enterprises investing in specific special economic zones or industrial promotion areas can enjoy additional tax incentives.
Tax Compliance
Businesses must comply with Australia’s tax compliance requirements, including:

Regular declaration: Declare different types of taxes on a monthly, quarterly and annual basis. Invoice management: Ensure that the invoices for all transactions are legal and in compliance with regulations. Tax audit: Regularly accept audits and inspections by tax authorities.
Easy landing in Australia: the whole process of enterprise registration

Service Overview

We provide one-stop Australian company registration services to ensure your business starts smoothly.
Overseas Market Research

Target market analysis, competitor research, consumer research, and regulatory policy interpretation.
Overseas business plan consultation

Selection of overseas market entry model, company type setting, equity structure planning, and investment layout.
Company Registration

Assist in selecting company type, preparing registration documents, submitting information, and completing registration.
Bank account opening service helps you choose a bank, prepare account opening documents, and open a bank account.
Tax registration consultation
Handle tax registration, tax analysis, tax returns, and tax concession applications.
Licensing
Handle pre-registration, business license, industry qualification and product certification.
In-depth support: Extended services for Australian companies
Trademarks and Intellectual Property Rights
Trademark registration, patent application, copyright registration, intellectual property litigation.
Human Resources Services
Talent recruitment, salary management, labor contract preparation, and social security benefits processing.
Legal Compliance Services
Contract drafting and review, intellectual property rights protection, labor and capital legal risk prevention, corporate governance, and legal litigation.
Market Access Services
Market entry strategy consultation, product standards and certification, entry material preparation and declaration.
Supply Chain Financial Services
Import and export trade financing, accounts receivable management, financial leasing, and project financing insurance.
Cross-border M&A Services
Search for M&A targets, due diligence, transaction structure design, contract negotiation, and post-handover integration.
Partner Development
Search and connect with overseas agents, distributors, OEM factories and local service providers.

FAQ
How long does it take to register an Australian company?
A: Normally, the entire process of registering an Australian company takes about 4-6 weeks. This includes preparing all necessary documents, submitting applications, government approvals, etc. Our team will follow up with you throughout the process to ensure that the registration is completed quickly and efficiently.
What materials are needed to register an Australian company?
A: To register an Australian company, you usually need the following documents: ID (passport) of the legal representative, articles of association, details of shareholders and directors, proof of registered capital, proof of office address, etc. Our consultants will provide you with a detailed list of materials and assist you in preparing all the documents.
How much does it cost to register an Australian company?
A: The cost of registering an Australian company varies depending on the type of company and the scope of business. Generally, it includes government registration fees, legal and consulting service fees, office address rental fees, etc. We provide a transparent fee structure and a detailed fee list to ensure that you are clear about every expense.
What types of company registration are available in Australia?
A: You can choose to register a limited liability company (Pty+Ltd), a joint stock company (Ltd), a branch or a sole proprietorship (Sole+Trader), etc. Each type has its own unique advantages, and our consultants will recommend the most suitable company type for you based on your business needs.
Is there a minimum registered capital required to register a company in Australia?
A: Yes, different types of companies have different requirements for minimum registered capital. Limited liability companies and joint stock companies require a clear registered capital, but there is no fixed minimum amount requirement. Our team will recommend the appropriate registered capital based on your business size and plans.
Are there any restrictions on foreigners registering companies in Australia?
A: Australia is very friendly to foreign investors, but some industries may have restrictions or special requirements on the proportion of foreign investment. We will provide you with detailed interpretation of industry regulations and policies to ensure that your investment is legal and compliant.
What other procedures are required after registering a company?
A: After the company registration is completed, you still need to handle tax registration, bank account opening, social security registration and other procedures. Our full range of services will help you complete all subsequent steps, allowing you to focus on business development.
What are the requirements for office address when registering an Australian company?
A: Company registration requires a legal office address. We can provide you with a virtual office address service or help you find a suitable office location to ensure that your registration and operation needs are met.

What tax benefits can a company registered in Australia enjoy?
A: To attract foreign investment, the Australian government provides a variety of tax incentives, such as corporate income tax exemptions, tax incentives for high-tech enterprises, etc. We will introduce the applicable tax incentives in detail to help you maximize your tax savings.
How to handle financial and tax matters after registering a company?
A: We provide comprehensive financial and tax agency services, including accounting, tax declaration, tax planning, etc. Our professional team will ensure that your financial and tax affairs are compliant and run efficiently, giving you peace of mind.
Why invest in Australia? Eight key advantages!
Economic growth potential: Australia's GDP has grown at an average annual rate of 2.7% in recent years, making it one of the countries with the most stable economic growth in the Asia-Pacific region. +In 2019, Australia's GDP reached US$1.4 trillion.
Demographic dividend: Australia has a population of over 25 million, of which young people aged 18-35 account for more than 30%. The labor force is abundant and the consumer market is growing.
Investment preferential policies: The Australian government has introduced a series of tax preferential policies, such as a five-year corporate income tax exemption for newly established companies. + In 2019, Australia attracted more than US$60 billion in foreign direct investment, a 4% increase over the same period last year.
Regional Trade Agreements: As a member of the Comprehensive and Progressive Trans-Pacific Partnership (CPTPP), Australia enjoys the advantages of free trade among member countries, covering 500 million consumers. In addition, Australia is also a participant in several free trade agreements, making its export market even larger.
Stable political environment: Australia is ranked by the World Bank as one of the countries with the best business environment in the world, ranking 14th in 2020. Political stability and economic reform policies provide strong protection for investors.
Excellent geographical location: Australia is located in the Asia-Pacific region with convenient transportation and many major international ports, such as Sydney Port and Melbourne Port, making it an ideal springboard for entering the Asia-Pacific market.
Rich in resources: Australia has abundant natural resources, such as minerals, agriculture and energy resources, providing broad investment opportunities for resource development and related industries.
Innovation and technological development: The Australian government strongly supports technological innovation and has established a number of technology parks and incubators. + In 2019, the total financing of Australian technology startups exceeded US$20 billion, and the technology ecosystem has gradually improved.