Paying Taxes in Australia

The table below addresses the taxes and mandatory contributions that a medium-size company must pay or withhold in a given year in Australia, as well as measures of administrative burden in paying taxes.

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Tax or mandatory contributionPayments (number)Notes on PaymentsTime (hours)Statutory tax rateTax baseTotal tax rate (% profit)Notes on TTR
Corporate income tax1online filing3530.0%taxable profits25.8 
Superannuation guarantee1online filing189.0%gross salaries10.2 
Payroll tax1online filing-6.0%total payroll5.4 
Worker's compensation1 -4.0%gross salaries4.5 
Fringe benefits tax1online filing-46.5%Grossed-up taxable value of fringe benefits1 
Fuel tax1 -A$ 0.1963liters of fuel0.4 
Municipal tax1 -fixed fee (A$ 8,000) 0.3 
Land tax1 -A$100 plus 1.6 cents for each A$ exceeding $368,000unimproved land value0.3 
Tax on insurance contracts1 -9.0%insurance premium0.1 
Vehicle tax1 -fixed fee (A$ 726 per vehicle) 0.1 
Stamp duty on contracts1 -0.0%lease payments0abolished in July 2007
Value added tax (GST)1online filing5410.0%value added not included
Totals:12 107  48.0 


Notes:
Name of taxes have been standardized. For instance income tax, profit tax, tax on company's income are all named corporate income tax in this table.
The hours for VAT include all the VAT and sales taxes applicable.
The hours for Social Security include all the hours for labor taxes and mandatory contributions in general.