Australia

Australia's Rankings
CategoryRankScore
Overall Rank971.29
Corporate Taxes2948.82
Individual Taxes1763.31
Consumption Taxes782.38
Property Taxes480.19
Crossborder Taxes2472.31

Australia ranks 9th overall on the 2021 International Tax Competitiveness Index, the same as in 2020.


Strengths

  • Property taxes in Australia are assessed on the value of the land rather than real estate or other improvements to land.
  • Australia's corporate and individual taxes have an integrated treatment of dividends, alleviating the burden of double taxation on distributed earnings.
  • Australia ranks well on consumption taxes due to its low goods and services tax (GST) rate but applies it to a relatively narrow base.

Weaknesses

  • Australia's treaty network consists of just 45 countries, when the average among OECD countries is 75.
  • The corporate tax rate in Australia is 30 percent, above the OECD average (22.9 percent).
  • Corporations are limited in their ability to write off investments.

Learn more about the tax system in Australia

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