Save with tax advice from a professional.

While Australia is a comparatively low-tax country, you'll need expert guidance from an Australian tax lawyer to make sure you leverage all of the advantages and are set up correctly.

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What is Income Tax?

Income tax in Australia is paid on all forms of income, including wages from your job, profits from your business and returns from investments such as bank interest and dividends. It can also be payable if you sell or give away a valuable asset such as a house or shares.

Australia has what is called is a 'progressive tax system'. That means the higher your income, the higher the rate of tax you need to pay.

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How does Australia Compare?

The report "International Comparison of Australia’s Taxes" (2006) found that Australia is a low-tax country. Australia’s overall tax burden (31.6 per cent), measured as the tax to GDP ratio, is the eighth lowest of the 30-member OECD. Australia’s mix between direct and indirect taxation is in line with other OECD countries, although the composition differs. For example, Australia’s indirect tax mix differs through a lower reliance on value-added and sales taxes, and a relatively higher reliance on property and transaction taxes. Australia does not levy any wealth, estate, inheritance or gift taxes.

Australia’s total wage and salary tax take as a proportion of GDP is low compared with the OECD-30 and the OECD-10. While Australia’s individual income tax burden is relatively high compared to the OECD-30 and OECD-10, once social security contributions and payroll taxes are accounted for, Australia has the second lowest level of direct taxation on individuals and payroll in the OECD-10.

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Have you claimed every deduction you are qualified for?

Do you know how much tax you should be paying?  Make sure you're not paying too much. Take advantage of our professional tax consultation with a qualified Australian tax lawyer to ensure that you claim all of the right deductions and only pay the correct amount of taxes.