Have you ever wondered how many taxes there are in Australia?
The answer might shock you!
![](https://substackcdn.com/image/fetch/w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F610dde08-18df-4529-b8b1-0416f5998f65_4000x6000.jpeg)
Here’s the list. (If I’ve missed some, please let me know in the comments below):
- (Federal) Personal Income Tax (aka PAYG Withholding Taxes)
- (Federal) Company Tax
- (Federal) Capital Gains Tax
- (Federal) Goods and Services Tax
- (Federal) Fringe Benefits Tax
- (Federal) Medicare Levy
- (Federal) Medicare Levy Surcharge
- (Federal) Superannuation Guarantee
- (Federal) Superannuation Guarantee Charge
- (Federal) Luxury Car Tax
- (Federal) Customs Duty
- (State) Payroll Tax
- (State) Land Tax
- (State) Stamp Duty on Transfer of Real Estate
- (State) Stamp Duty on Motor Vehicle Registration
- (State) Stamp Duty on Motor Vehicle Transfer
- (State) Stamp Duty on Insurance Policies
- (State) Stamp Duty on Leases
- (State) Stamp Duty on Mortgages
- (State) Stamp Duty on Hire Purchase Agreements
- (State) Stamp Duty on Transfer of Business
- (State) Stamp Duty on Transfer of Shares
- (State) Excise Duty on Fuel
- (State) Excise Duty on Alcohol
- (State) Excise Duty on Tobacco
- (Local) Council Rates
To my count, that is twenty-six different taxes.
What have I missed?
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An entrepreneur who has employed 1,470+ people, Kenelm was admitted to the BRW Fast 100 three times with businesses in Australia, NZ, Singapore and New York, where he lived for 12 years. Kenelm’s investment firm performs mid-market leveraged roll-ups. He was a regular columnist for the Australian Financial Review. Kenelm is the Founder of Liberty Itch.
Great work! According to my estimates 1 in 3 Australians are employed in the public sector. Roughly 30% of GDP paid taxes.
Australia is sleep walking into a socialist state! We are have also invented negative development where if we continue on this trend we will have insufficient savings to fund any investment whatsoever: all spent on government consumption! Time to reread Hayek. Your list does not include hidden taxes such as building permits etc