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You will have to pay the government a part of your earning income. The types of income include rent, wages and salaries.
All tangible and intangible assets are included in this.
Individuals are made liable to taxes based on their state of residency, CGT norms and income. Companies are made to submit taxes based on their place of origin and income bracket.
A broad-based consumption tax is imposed on most of Australia's services and goods.
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