According to the Australian taxation system , it is the place of residence that is the basic basis for taxation, and not citizenship or domicile. Therefore, taxation of non-residents in Australia is limited to income or payments related to Australia. Non-resident income not derived from Australia or Australian sources will not be subject to Australian taxation. Income earned by a non-resident, consisting of capital gains (excluding direct and indirect investments in property) and company dividends paid out of profits that were taxable, will generally be exempt from tax. Interest income will be taxed at preferential rates, or, in some cases, completely exempt from it.
Dividend payments of managed investment funds will be subject to preferential taxation in accordance with the latest government announcements.
Persons holding a temporary residence permit (within four months) are treated as non-residents for tax purposes.
In general, income from a foreign source received by non-residents through Australian intermediary companies will also be exempt from taxes. Australia has a wide range of Double Taxation Treaties, most of which are modeled on the OECD (Organization for Economic Co-operation and Development) Conventions.
There are no inheritance, gift or property taxes in Australia, either at the federal or federal level
