The corporate tax rate in Australia is 30% in 2017. The corporate income tax rate applies to both resident and non-resident companies. A resident company is liable for corporate income tax on its worldwide income and capital gains. A foreign resident company is liable for corporate income tax on income derived from Australian sources and on income attributable to their Australian permanent establishments through which they carry on business in Australia, subject to relief under a double tax treaty.
Division 13 of Part III of the Income Tax Assessment Act 1936 (ITAA 1936) (SS136AA to 136AF) contains Australia’s domestic law dealing with transfer pricing.
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