Total Tax Rate (As % of Commercial Profits) fell to 0.474% in Australia in 2018

Total Tax Rate (As % of Commercial Profits) (%)
Economy | Australia | December 02, 2019
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Excel Sheet

Total tax rate as a percentage of commercial profits reached 0.474 % in 2018 in Australia, according to the National Statistical Office. This is 0.211 % less than in the previous year.

Historically, total tax rate as a percentage of commercial profits in Australia reached an all time high of 0.521 % in 2005 and an all time low of 0.472 % in 2012. When compared to Australia's main peers, total tax rate as a percentage of commercial profits in Indonesia amounted to 0.301 %, 0.392 % in Malaysia, 0.346 % in New Zealand and 0.393 % in Papua New Guinea in 2018.

Australia has been ranked 45th within the group of 172 countries we follow in terms of total tax rate as a percentage of commercial profits, 8 places above the position seen 10 years ago.

The total tax rate measures the amount of taxes and mandatory contributions payable by businesses after accounting for allowable deductions and exemptions as a share of commercial profits.

Total Tax Rate (As % of Commercial Profits) Unit 2010 2011 2012 2013 2014 2015 2016 2017 2018
Australia % 0.472% 0.473% 0.474% 0.476% 0.476%
Cambodia % 0.226% 0.210% 0.210% 0.210% 0.210%
Indonesia % 28.7% 0.322% 0.314% 0.297% 0.306%
Malaysia % 0.346% 0.391% 0.393% 0.400% 0.400%
New Zealand % 0.340% 0.344% 0.344% 0.343% 0.343%
Papua New Guinea % 0.421% 0.393% 0.393% 0.393% 0.393%
Philippines % 0.445% 0.425% 0.425% 0.429% 0.429%
Singapore % 0.184% 0.201% 0.180% 0.180% 0.191%
Thailand % 0.361% 0.287% 0.260% 0.268% 0.296%
Vietnam % 0.353% 0.408% 0.408% 0.394% 0.394%