background image
8.1.1. Other Taxes

The following table provides an overview of other taxes that may be imposed on a company doing business in the country.

Tax Type Rate(s) Notes
Capital Duty Nil There is no capital duty in Australia.
Payroll Tax 4.85% to 6.85% Payroll tax is levied on the amount of salaries, wages, and benefits paid to employees. The rate varies by state/territory.
Social Security Employer Contribution 10% Employers are required to contribute 10% (increased from 9.5% effective 1 July 2021) of an employee's gross salary to a complying superannuation fund, or retirement savings account on behalf of their employees. The rate will progressively increase up to 12% up to 1 July 2025. A maximum salary base cap of AUD 58,920 (2021-22) per quarter applies. Exemptions from the superannuation requirement apply in limited circumstances.
Social Security Employee Contribution 2% Individuals are required to pay a Medicare levy equal to 2% of their taxable income. An additional Medicare surcharge applies for individuals with taxable income exceeding AUD 90,000 (single) that do not have private health insurance for themselves or their dependents. The surcharge ranges from 1% to 1.5%, depending on age and taxable income.
Property Tax 0% to 2.75% A tax on the unimproved value of land is imposed by most states at varying rates. Certain exemptions may apply.
Transfer Tax Nil There is no transfer tax in Australia.
Stamp Duty Varies Stamp duty is levied by the states on various transactions at varying rates including indirect transfer of real property held by certain companies.
Excise Taxes Varies Excise taxes are levied on alcoholic beverages, tobacco products, and petroleum products.
Customs Duty Varies Customs duties are levied on goods imported into and exported from Australia. The rates vary depending on the source/destination of the goods.
Fringe Benefits Tax 47% Fringe benefits tax (FBT) is payable by employers at a rate of 47% on the grossed-up value of fringe benefits provided to their employees. FBT is deductible for income tax purposes. Employers providing training or education benefits to redundant (or soon to be redundant) employees on or after 2 October 2020 are exempt from FBT.