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Income tax in Australia, the Glossary

Index Income tax in Australia

Income tax in Australia is imposed by the federal government on the taxable income of individuals and corporations.[1]

Table of Contents

  1. 35 relations: Abbott government, Australian Business Number, Australian dividend imputation system, Australian Government, Australian Taxation Office, Capital gains tax in Australia, Constitutional basis of taxation in Australia, Consumer price index, Corporate tax, Fiscal year, Gillard government, Hawke government, Howard government, Income tax, Income Tax Assessment Act 1936, Income Tax Assessment Act 1997, Inflation, Keating government, Medicare (Australia), Morrison government, National Disability Insurance Scheme, Pay-as-you-earn tax, Payroll tax, Progressive tax, Superannuation in Australia, Tax file number, Tax residence, Tax withholding, Taxable income, Taxation in Australia, The Australian, Turnbull government, World War I, World War II, 2010–2011 Queensland floods.

  2. 1915 introductions
  3. History of taxation in Australia
  4. Taxation in Australia

Abbott government

The Abbott government was the federal executive government of Australia led by the 28th Prime Minister Tony Abbott.

See Income tax in Australia and Abbott government

Australian Business Number

The Australian Business Number (ABN) is a unique 11-digit identifier issued by the Australian Business Register (ABR) which is operated by the Australian Taxation Office (ATO). Income tax in Australia and Australian Business Number are taxation in Australia.

See Income tax in Australia and Australian Business Number

Australian dividend imputation system

The Australian dividend imputation system is a corporate tax system in which some or all of the tax paid by a company may be attributed, or imputed, to the shareholders by way of a tax credit to reduce the income tax payable on a distribution. Income tax in Australia and Australian dividend imputation system are taxation in Australia.

See Income tax in Australia and Australian dividend imputation system

Australian Government

The Australian Government, also known as the Commonwealth Government or the Federal Government, is the national executive government of the Commonwealth of Australia, a federal parliamentary constitutional monarchy.

See Income tax in Australia and Australian Government

Australian Taxation Office

The Australian Taxation Office (ATO) is an Australian statutory agency and the principal revenue collection body for the Australian Government. Income tax in Australia and Australian Taxation Office are taxation in Australia.

See Income tax in Australia and Australian Taxation Office

Capital gains tax in Australia

Capital gains tax (CGT), in the context of the Australian taxation system, is a tax applied to the capital gain made on the disposal of any asset, with a number of specific exemptions, the most significant one being the family home. Income tax in Australia and capital gains tax in Australia are taxation in Australia.

See Income tax in Australia and Capital gains tax in Australia

Constitutional basis of taxation in Australia

The constitutional basis of taxation in Australia is predominantly found in sections 51(ii), Legislative powers of the Parliament. Income tax in Australia and constitutional basis of taxation in Australia are taxation in Australia.

See Income tax in Australia and Constitutional basis of taxation in Australia

Consumer price index

A consumer price index (CPI) is a price index, the price of a weighted average market basket of consumer goods and services purchased by households.

See Income tax in Australia and Consumer price index

Corporate tax

A corporate tax, also called corporation tax or company tax, is a type of direct tax levied on the income or capital of corporations and other similar legal entities.

See Income tax in Australia and Corporate tax

Fiscal year

A fiscal year (also known as a financial year, or sometimes budget year) is used in government accounting, which varies between countries, and for budget purposes.

See Income tax in Australia and Fiscal year

Gillard government

The Gillard government was the Government of Australia led by the 27th prime minister of Australia, Julia Gillard, of the Australian Labor Party.

See Income tax in Australia and Gillard government

Hawke government

The Hawke government was the federal executive government of Australia led by Prime Minister Bob Hawke of the Australian Labor Party (ALP) from 1983 to 1991.

See Income tax in Australia and Hawke government

Howard government

The Howard government refers to the federal executive government of Australia led by Prime Minister John Howard between 11 March 1996 and 3 December 2007.

See Income tax in Australia and Howard government

Income tax

An income tax is a tax imposed on individuals or entities (taxpayers) in respect of the income or profits earned by them (commonly called taxable income).

See Income tax in Australia and Income tax

Income Tax Assessment Act 1936

The Income Tax Assessment Act 1936 (Cth) is an Act of the Parliament of Australia.

See Income tax in Australia and Income Tax Assessment Act 1936

Income Tax Assessment Act 1997

The Income Tax Assessment Act 1997 (Cth) is an Act of the Parliament of Australia introduced by the Howard government.

See Income tax in Australia and Income Tax Assessment Act 1997

Inflation

In economics, inflation is a general increase in the prices of goods and services in an economy.

See Income tax in Australia and Inflation

Keating government

The Keating government was the federal executive government of Australia led by Prime Minister Paul Keating of the Australian Labor Party from 1991 to 1996.

See Income tax in Australia and Keating government

Medicare (Australia)

Medicare is the publicly funded universal health care insurance scheme in Australia operated by the nation's social security agency, Services Australia.

See Income tax in Australia and Medicare (Australia)

Morrison government

The Morrison government was the federal executive government of Australia, led by Prime Minister Scott Morrison of the Liberal Party of Australia, between 2018 and 2022.

See Income tax in Australia and Morrison government

National Disability Insurance Scheme

The National Disability Insurance Scheme (NDIS) is a scheme of the Australian Government that funds all costs associated with disability.

See Income tax in Australia and National Disability Insurance Scheme

Pay-as-you-earn tax

A pay-as-you-earn tax (PAYE), or pay-as-you-go (PAYG) in Australia, is a withholding of taxes on income payments to employees.

See Income tax in Australia and Pay-as-you-earn tax

Payroll tax

Payroll taxes are taxes imposed on employers or employees, and are usually calculated as a percentage of the salaries that employers pay their employees.

See Income tax in Australia and Payroll tax

Progressive tax

A progressive tax is a tax in which the tax rate increases as the taxable amount increases.

See Income tax in Australia and Progressive tax

Superannuation in Australia

Superannuation in Australia, or "super", is a savings system for workplace pensions in retirement. Income tax in Australia and Superannuation in Australia are taxation in Australia.

See Income tax in Australia and Superannuation in Australia

Tax file number

A tax file number (TFN) is a unique identifier issued by the Australian Taxation Office (ATO) to each taxpaying entity—an individual, company, superannuation fund, partnership, or trust. Income tax in Australia and tax file number are taxation in Australia.

See Income tax in Australia and Tax file number

Tax residence

The criteria for residence for tax purposes vary considerably from jurisdiction to jurisdiction, and "residence" can be different for other, non-tax purposes.

See Income tax in Australia and Tax residence

Tax withholding

Tax withholding, also known as tax retention, pay-as-you-earn tax or tax deduction at source, is income tax paid to the government by the payer of the income rather than by the recipient of the income.

See Income tax in Australia and Tax withholding

Taxable income

Taxable income refers to the base upon which an income tax system imposes tax.

See Income tax in Australia and Taxable income

Taxation in Australia

Income taxes are the most significant form of taxation in Australia, and collected by the federal government through the Australian Taxation Office. Income tax in Australia and taxation in Australia are History of taxation in Australia.

See Income tax in Australia and Taxation in Australia

The Australian

The Australian, with its Saturday edition The Weekend Australian, is a broadsheet newspaper published by News Corp Australia since 14 July 1964.

See Income tax in Australia and The Australian

Turnbull government

The Turnbull government was the federal executive government of Australia led by the 29th prime minister of Australia, Malcolm Turnbull, from 2015 to 2018.

See Income tax in Australia and Turnbull government

World War I

World War I (alternatively the First World War or the Great War) (28 July 1914 – 11 November 1918) was a global conflict between two coalitions: the Allies (or Entente) and the Central Powers.

See Income tax in Australia and World War I

World War II

World War II or the Second World War (1 September 1939 – 2 September 1945) was a global conflict between two alliances: the Allies and the Axis powers.

See Income tax in Australia and World War II

2010–2011 Queensland floods

A series of floods hit Queensland, Australia, beginning in December 2010.

See Income tax in Australia and 2010–2011 Queensland floods

See also

1915 introductions

History of taxation in Australia

Taxation in Australia

References

[1] https://en.wikipedia.org/wiki/Income_tax_in_Australia

Also known as Australian income tax, Income tax (Australia), Payroll tax in Queensland.