Australia

Australia

Australia

Location

Located on the West Pacific Ocean

Economy

A wealthy country with a market economy. A major exporter of agricultural products, particularly wheat and wool, minerals such as iron-ore and gold, and energy in the forms of liquified natural gas and coal. It is the world's sixth-largest country by total area.

Language

English

Legal System

Common Law
Australia Company
Type Limited Company or partnership company
Name End with ”Pty Ltd.”.
Capital No requirement.
Share Prohibited to issue no value or bearer shares.
Share Index Yes
Registered Agent No
Registered Address Yes
Public Disclosure Yes
Min. Shareholder At least one
Min. Director At least one resident director.
Disclosure of Shareholder Yes
Disclosure of Director Yes
Trading restriction No
Taxation  worldwide Income tax 30%.
Financial Statement Yes
Tax Returns Yes
Account Filing Yes
Audit Report Yes
Accounting Yes
Incorporation Cost USD 1,700
Annual Fee USD 1,500



Tax Rate%
*Footnote
Domestic Withholding Tax Rates for Australia
Dividends: 0/30
Interest: 10
Royalties: 30

Treaty Partner Ownership Dividends * Interest Royalties
Argentina 10     10/15 * 10 * 10/15 *
Aruba -     D * D * D *
Austria -     15     10     10    
Belgium -     15     10     10    
British Virgin Islands -     D * D * D *
Canada 10     5/15 * 10     10    
China -     15     10     10    
Czech Republic -     5/15 * 10     10    
Denmark -     15     10     10    
Fiji -     20     10     15    
Finland 10     0/5/15 * 10     5    
France 10     0/5/15 * 10     5    
Germany -     15     10     10    
Guernsey -     D * D * D *
Hungary -     15     10     10    
India -     15     10 * 10/15 *
Indonesia -     15     10     10/15 *
Ireland -     15     10     10    
Isle of Man -     D * D * D *
Italy -     15     10     10    
Japan 80/10     0/5/10/15 * 10     5    
Jersey -     D * D * D *
Kiribati -     20     10     15    
Korea (R.O.K.) -     15     10 * 15    
Malaysia 10     0/15 * 10 * 15    
Malta -     15     10 * 10    
Marshall Islands -     D * D * D *
Mauritius -     D * D * D *
Mexico 10     0/15 * 10 * 10    
Netherlands -     15     10     10    
New Zealand 80/10     0/5/15 * 0/10 * 5    
Norway 80/10     0/5/15 * 10     5    
Papua New Guinea -     15     10     10    
Philippines -     15/25 * 10 * 25    
Poland -     15     10     10    
Romania 10     5/15 * 10     10    
Russia 10     5/15 * 10     10    
Singapore -     15     10     10    
Slovakia -     15     10     10    
South Africa 10     5/15 * 0/10 * 5    
Spain -     15     10     10    
Sri Lanka -     15     10     10    
Sweden -     15     10     10    
Switzerland -     15     10     10    
Taiwan -     10/15 * 10     12.5    
Thailand 25     15/20 * 10 * 15    
United Kingdom 10/80     0/5/15 * 10     5    
United States 10/80     0/5/15 * 10     5    
Vietnam -     15     10     10    
Note 1:Dividends paid to nonresidents are subject to a 30% withholding tax, unless the rate is reduced under an applicable tax treaty. Under domestic law, to the extent a dividend is "franked" under Australia’s imputation system, no dividend withholding tax is imposed (irrespective of the rate prescribed in a treaty and irrespective of the level of ownership in the Australian company). Conversely, to the extent the dividend is not franked, dividend withholding tax is generally imposed, subject to limitations in a relevant treaty.
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