Australia
How Australia performs
Tax
High taxes. Australia has one of the heaviest tax burdens in the index, 108th of 123. A large share of income and profit goes to tax, so it suits people who are not moving for tax reasons. Personal income tax 0 - 45%, corporate tax 25-30%, VAT 10%.
Source: Heritage Foundation, Index of Economic Freedom (Tax Burden sub-score)
Safety
Very safe. Australia is one of the most peaceful and stable countries in the index, 18th of 117.
Source: Institute for Economics and Peace, Global Peace Index
Cost of Living
Expensive. Australia is one of the most expensive places to live in the index, 111th of 118. Plan for high everyday costs.
Source: Numbeo Cost of Living Index
Education
Excellent education. Australia has one of the strongest education and knowledge systems in the index, 15th of 120. A strong choice for families and for study.
Source: UNDP & MBRF, Global Knowledge Index
Every figure is published by the institution named against it. We do not adjust, model or estimate the underlying values. See the formulas.
The detail behind the scores
Taxation
| Corporate income tax | 25-30% Applicable tax rate varies based on the amount of income earned and nature of the business |
|---|---|
| Personal income tax | 0 - 45% Applicable tax rate varies based on the amount of income earned and residency status |
| Standard VAT | 10% |
Rates change without notice. Confirm with the relevant tax authority before acting.
Naturalization Requirements and Immigration Pathway
- Residence for naturalization
- 4 years
- Language requirement
- No
- Investment Immigration Pathway
- Australia NIV - National Innovation Visa
- Official language
- English
- Dual citizenship
- Allows dual citizenship
1 immigration pathway
Program terms change. Always confirm the current rules with the issuing authority before acting. This page is informational and is not legal or tax advice.
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