Australian Tax

Australian Tax refers to the system of taxation implemented by the government of Australia, which encompasses a variety of tax types levied on individuals, businesses, and organizations. This tax framework includes income tax, goods and services tax (GST), capital gains tax, and various specific levies and duties. The Australian tax system is governed by federal, state, and local laws, with the Australian Taxation Office (ATO) serving as the principal revenue collection agency. The system is designed to fund public services and infrastructure, promote economic stability, and ensure fair distribution of wealth among its citizens. Each type of tax has its own regulations, rates, and compliance requirements, contributing to the overall fiscal policy of the country.