Category: Australia

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Transfer Pricing Country Profiles

These country profiles focus on countries’ domestic legislation regarding key transfer pricing principles, including the arm’s length principle, transfer pricing methods, comparability analysis, intangible property, intra-group services, cost contribution agreements, transfer pricing documentation, administrative approaches to avoiding and resolving disputes, safe harbours and other implementation measures.

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Taxing Wages: Key findings for Australia

The tax wedge for the average single worker in Australia decreased by 1.3 percentage points from 28.4% in 2020 to 27.1% in 2021. The OECD average tax wedge in 2021 was 34.6% (2020, 34.6%). In 2021, Australia had the 31st lowest tax wedge among the 38 OECD member countries, compared with 30th in 2020.