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What types of tax liabilities will my business have as part of my 188 visa application in Australia?

I am preparing my application for a 188 visa to come to Australia. I want to know about any tax liabilities my newly established business will need to address. How should I structure the business to make it most tax effective?


Answers
  • Regis Legal
    September 27, 2019

    Your visa would entail a business setup in Australia and will be subject to Australian income tax on your profits on an estimated 27.5% to 30% tax rate). If your country has a double taxation agreement with Australia, your Australian business is generally taxed on profits generated by your establishment in Australia. There are no state or municipal taxes on business income in Australia. To get specific answers to your question regarding structuring businesses for tax effectiveness, you are recommended to speak with a qualified tax accountant.

  • Australian Visa Options
    September 26, 2019

    This is a specialist area of taxation law, and you really need to obtain advice from an accountant with experience in this area.

  • Julian-Armitage Migration Lawyers (JAM)
    September 25, 2019

    The same tax liabilities as any resident person or company in the circumstances. I am not an accountant, so I cannot advise regarding the minimization of taxation.