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Taxation is an important subject for all those who hail from the commerce background. Even those who have never studied taxation might be aware of paying taxes because every country has tax implications and tax laws which are followed by every citizen in the country. Taxation is an important as well as a bit complex subject. At 24x7homeworkhelp.com, we will provide you with a complete knowledge on Taxation.
Our experts will help you understand the various types of tax laws and the different forms of tax, for example, direct and indirect tax. The experts at Australian Taxation Homework Help possess vast knowledge and practical experience in this field. Our experts and writers are well-informed with the latest information regarding the Australian taxation system. Australia is one of the highest tax generating economies in the world.Â Goods and services tax (GST), Corporate tax, and Personal income tax are some of the forms of taxes and excise duty levied in Australia.
- Goods and services tax: Goods and services tax (GST) is nearly 10% in Australia. Understanding GST is a bit complicated and difficult.
- Corporate Tax: Companies and corporations pay corporate tax on profits. It is calculated at the rate of 30%.
- Personal income tax: Personal income tax is imposed on individuals on their personal income on a progressive basis, and it is the most important source of revenue in Australia.
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