Australia - Other taxes and levies

Australia - Other taxes and levies

Taxation of international executives

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Social security tax

Are there social security/social insurance taxes in Australia? If so, what are the rates for employers and employees?

Employer and Employee

Type of Insurance Paid by employer Paid by employee Total 
Superannuation guarantee* 9.5 percent 0.0 percent 9.5 percent
Medicare levy** 0.0 percent 2.0 percent of taxable income 2.0 percent
Total 9.5 percent 2.0 percent 11.5 percent

* Rate of 9.5 percent is applied to a capped earnings level of AUD 50,810 per quarter (2015/16 rates).

** Rate of 2.0 percent will be applied for the 2015/16 tax year. In some cases a Medicare Levy Surcharge may be payable if the individual and their dependents do not have appropriate private hospital health insurance and the total of their taxable income and reportable amounts exceed the set thresholds. The rates that apply vary from 1 to 1.5 percent, and apply to the total of their taxable income and reportable amounts; not just their taxable income. 

Gift, wealth, estate, and/or inheritance tax

Are there any gift, wealth, estate, and/or inheritance taxes in Australia?

No.

Real estate tax

Are there real estate taxes in Australia?

Some states charge an annual land tax which is based on the value of land held in that state.

Sales/VAT tax

Are there sales and/or value-added taxes in Australia?

A goods and services tax of 10 percent applies in respect of most goods supplied and services provided in Australia.

Unemployment tax

Are there unemployment taxes in Australia?

No.

Other taxes

Are there additional taxes in Australia that may be relevant to the general assignee? For example, customs tax, excise tax, stamp tax, and so on.

Payroll Tax

Employers may be liable to payroll tax where the annual payroll exceeds certain threshold levels. Rates and thresholds vary between states.

Work Coverage

Compulsory workplace insurance must be acquired by employers in respect of employees working in Australia.

© 2016 KPMG, an Australian partnership and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved.

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