Australian Law
The Australian Taxation Office (ATO) is renowned as one of the world's most stringent tax authorities. Therefore, it's crucial to clearly understand your tax obligations and scope in Australia to avoid unnecessary troubles. While China's individual tax enforcement is relatively lenient compared to developed nations (though gradually tightening), one cannot approach Australian taxation with the same mindset as Chinese taxation.
As Australia is a popular immigration destination for Chinese nationals, there's abundant online information about Australian tax law written by Chinese authors. Rather than repeating existing work, this article will focus on three key aspects of Australian tax law affecting individuals:
- Tax Residency
- Capital Gains
- Trusts