Working and paying tax

Step 1 of 7

Paying tax

There are a number of steps that a person needs to follow to become part of the Australian taxation system.

  • Step 1 Getting a tax file number (TFN)
  • Step 2 What should I do when I start a part-time or full-time job?
  • Step 3 How much tax do I pay?
  • Step 4 What records do I need?
  • Fact 10

    In 1936, at the request of the Australian Wool Growers Council, a wool tax was imposed to help the production of wool and to extend the use of wool throughout the world. It was levied at 6d (about 5c) per bale on all sales of shorn wool produced in Australia.

Tax payable

The amount of income tax required to be paid on a person's taxable income after applying any tax offsets. It does not include the Medicare levy.

read more glossary terms