I'm from the states and I was wondering if the tax rate on items is about the same, because I was just in Europe for awhile and was amazed at their high tax rates. So are Australian taxes closer to American taxes or closer to European?
2007-02-25 05:52:50 · 1 answers · asked by Anonymous in Travel ➔ Australia ➔ Other - Australia
There is a goods and services tax of 10% on everything. This is similar to the VAT in the UK.
One thing about Australian taxes is that the tax must be included in the price of anything. If someone tells you something will cost you $50, that is what it will cost. The GST is included in the price. If there is a price written on an object it is presumed to include GST and that is all you are required to pay. In the USA it is different where they add the taxes to the quoted price. It is illegal to do that in Australia.
2007-02-25 09:00:38 · answer #1 · answered by tentofield 7 · 1⤊ 0⤋