Running a business: tax obligations

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What do business owners need to know and do about tax and super? Find out more about how to set up a business.

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  • Fact 23

    Social activities among ATO employees in the 1960s included 'Miss Taxation' contests which were part of state-wide fundraising for major charities.

Tax-free threshold

Individuals who are Australian residents for taxation purposes pay no tax on the first $18,200 taxable income for the full financial year. This is called the tax-free threshold. They may claim the tax-free threshold from one employer only. Non-residents cannot claim the tax-free threshold.

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