🇦🇺 Australia
A vibrant country with a thriving economy, excellent healthcare, and a high standard of living, perfect for families, entrepreneurs, and digital nomads.
Australia Citizenship and Naturalization
Grade:
AGlobal Rank: 42
Visa-free Access
155 out of 195 countries
Access to Major Destinations
- European Union
- United Kingdom
- Canada
- United States
- China
- Russia
- Japan
| Category | Details |
|---|---|
Citizenship by Descent |
|
Naturalizations |
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Spouse Naturalization |
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Birthright Citizenship |
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Economic Citizenship (Investment) |
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Other Provisions |
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Citizenship by Exception |
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Taxation Overview
Personal Tax Overview: Australia 🇦🇺
Key information about personal taxation in Australia
Tax Residency
Normal rule: 183 days
Special rule: No information
Special Tax Regime
No information
Dividend Tax
30%
Dividend income for individuals in Australia is subject to personal income tax. Franked dividends are taxed at the individual’s marginal tax rate, but the individual can receive a franking credit to offset the tax paid by the company. Unfranked dividends are taxed at the individual's marginal tax rate without any offset.
Capital Gains Tax
45%
Capital gains tax may be exempt for individuals if the asset has been held for at least 12 months, allowing for a 50% discount on the gain.
Property Rental Income
45%
Property rental income in Australia is taxed at the individual's marginal tax rate, which can range from 0% to 45% for residents, and a flat 30% for non-residents.
Property Tax
Yes
Property tax in Australia includes local government rates and state-based taxes such as stamp duty and land tax, with rules and rates varying by state or territory.
Inheritance Tax
No
Wealth Tax
%
VAT
10%
Australia has a 10% Goods and Services Tax (GST), which functions similarly to VAT, applying to most goods and services, with some exemptions, like healthcare and education.
CFC Laws
Yes
CFC rules in Australia apply to individuals who control foreign companies, requiring them to report certain types of foreign income on their Australian tax returns, even if that income is not repatriated to Australia.
