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04 July 2011

Tax Rates

Income Tax: 0%, $1000 or less; 3%, $1001-$24000; 7%, $24001-$75000; 12%, $75001-$125000; 14%, $125001-$225000; 20% $225001-$1000000; 25% $1000001 and up
Corporate [Income] Tax: Bottom quartile, 25%; Lower middle quartile, 27%; upper middle quartile, 29%; upper quartile 33%
Capital Gains Tax: 22%
Social Security Contributions: Employee, 3.2%; Employer, 5.2%
Federal Property Tax: 15%
Inheritance Tax: 22%
VAT: 15%
Federal GST (Sales Tax): 5%
Tariffs: 12%
Carbon Tax: $7.18/kg
Tobacco Tax: $10.52/kg
Alcohol Tax: $5.79/L
Gasoline Tax: $0.16/L





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