Foreign businesses with annual revenues exceeding

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For example, in New South Wales, foreign owners pay a 2% surcharge on the rateable value of their property. In Victoria, this surcharge can be as high as 4%.

2. Capital Gains Tax (CGT)
CGT applies to gains made from the sale of guatemala phone number library property or business assets in Australia. Non-tax residents cannot benefit from the 50% discount available to tax residents.

Example: If you buy a property for A$1,000,000 ($650,000) and sell it for A$1,200,000 ($780,000), the gain of A$200,000 ($130,000) will be subject to full rates of CGT, which can be as high as 45% depending on your income .
3. Corporate Tax
Corporation tax in Australia is levied on profits earned by local and foreign companies operating in the country. Foreign companies are taxed at a general rate of 30% on their income earned in Australia . This is excepted for small companies with annual revenues of less than AU$50 million ($32.5 million), which can benefit from a reduced rate of 25%.

Example: If your business generates profits of AUD500,000 ($325,000), you will pay AUD150,000 ($97,500) in tax if you apply the standard rate of 30%.
4. Goods and Services Tax (GST)
The 10% GST applies to most goods and services sold in Australia. A$75,000 ($48,750) must register to collect and remit this tax.

Example: If your business sells A$100,000 ($65,000) worth of goods per year, you will need to remit A$10,000 ($6,500) to the ATO as part of GST.
Tax benefits for foreign companies in Australia.