Australia Introduces VAT

The Australian Government has announced it’s latest increases in taxation, introducing VAT at 20%

In keeping with recent increases in taxation in Australia, VAT has been introduced on the sale of products at a base rate of 20%. This comes shortly after the introduction of work tax, which is currently set at 25%.

The introduction of these new taxes will not come as a surprise to most, given the current war with Indonesia. 

The tax rate in Australia is now fairly consistent with other nations in the region. Indonesia takes slightly more VAT (25%), but has the same import tax rate (20%) and work tax. China and India on the other hand charge all taxes at a rate of 25%. On the contrary, Japan offers very low tax levels, at 5% for work tax and VAT, and 10% for import tax.