The Medicare Levy is imposed at a flat rate of 1.five% of an individual’s taxable income, Despite the fact that exemptions may very well be provided to small income earners and foreign inhabitants. A business should have an ABN if it is required to register for GST (see earlier mentioned, https://what-is-law-of-taxation96419.humor-blog.com/38644921/how-much-you-need-to-expect-you-ll-pay-for-a-good-law-6001-taxation-law-question-1-answer-key