The Australian taxation system is comprehensive and complex with significant differences to that of China’s. After years of reform, Australia has developed stringent compliance and audit mechanisms to ensure the tax system’s implementation. Taxpayers in Australia need to lodge their tax returns and pay their taxes (or receive a tax refund in some circumstances) in accordance with the relevant laws and regulations. Those who fail to comply may face legal liabilities and penalties of various amounts.
Produced in Chinese by Jean Zhang, Accru Tax Factsheet (Chinese) Dec 2018 will help you to better understand the Australian taxation system, gain a better understanding of your tax position, and prepare for the coming financial year to ensure the best tax outcomes. The fact sheet gives a quick guide to Australian the taxes imposed on individuals in Australia including:
- Tax File Number
- Financial Year
- Resident for Tax Purposes
- Individual Tax
- Superannuation
- Company Tax
- Goods and Services Tax
- Land Tax
- Stamp Duty
- Capital Gains Tax