Australia: Income and profits taxes

The latest value from 2022 is 67.86 percent, an increase from 64.47 percent in 2021. In comparison, the world average is 31.54 percent, based on data from 93 countries. Historically, the average for Australia from 1972 to 2022 is 63.49 percent. The minimum value, 58.33 percent, was reached in 1972 while the maximum of 67.86 percent was recorded in 2022. See the global rankings or world map for that indicator or use the country comparator to compare trends over time.

Definition: Taxes on income, profits, and capital gains are levied on the actual or presumptive net income of individuals, on the profits of corporations and enterprises, and on capital gains, whether realized or not, on land, securities, and other assets. Intragovernmental payments are eliminated in consolidation.