Global Corporate Advisory L.L.C.-FZ

Meet Your Team

Your Dubai personal business advisors are a team of women and men from Australia, New Zealand and The UK, ranging in ages from 25 upto 65 years old.

We were born in Australia, New Zealand and the UK, and have lived, worked, owned companies, managed companies, and socialised in Australia, Botswana, France, Holland, Hong Kong, The Philippines, New Zealand, The United Arab Emirates and the UK.

We understand the way that people think and how things are viewed differently around the world.

You can rest assured that our team not only speaks English, but more importantly, talks your language.

Your team has experience in setting up and management of companies in various industries including, printing, bookkeeping services, childcare centres, computer software, metal fabrication, welding, web site design, web site programming, real estate sales, property management services, buyers agents, migration agents, international recruitment, relocation services, mining, car sales, business process outsourcing (BPO), recruitment process outsourcing (RPO), tourism, tour desk sales, hospitality, nightclubs, wine bars, pubs, provision of government services, sales and marketing, ecommerce, call centers, international chambers of commerce and an English Language School in France.

From the second that you contact us, and while we set up your new company in Dubai, you will be talking and dealing directly with Aussies, Kiwis or Poms..

A Brief History of Taxation in Australia and The UAE

  • 1971

    1

    The power to tax payrolls was transferred from the Australian Government to the States and Territories - 4% upto 6.85%

    In 1971 The power to tax payrolls of Australian employers was transferred from the Australian Government to the States and Territories.

    According to the Australian Government’s Payroll Tax website. Payroll tax is payable as a percentage of all of an Australian Company’s total taxable Australia-wide wages that exceeds a threshold amount.

    The current Australian Payroll Tax rates payable are stated as being:-

    Australian Capital Territory – 6.85%

    New South Wales – 5.45%

    Northern Territory – 5.5%

    Queensland – 4.75% upto 4.95%

    South Australia – upto 4.95%

    Tasmania – 4% upto 6.1%

    Victoria – 1.2125% for regional employers upto 4.85ù

    Western Australia – 5.5%

    Yes, you are reading this correct – in Australia, employers with a wage bill over a certain size have to pay an additional tax for each person they employ.

    If a company does not employ Gulf Corporation Council (GCC) nationals then there is no payroll tax in Dubai / UAE.

  • 1983

    The Medicare Levy Introduced in Australia - 1%

    The medicare levy was introduced in Australia between 1983-84 at an annual rate of 1%.

    If a company does not employ Gulf Corporation Council (GCC) nationals then there is no Medicare Levy payable in Dubai / UAE.

    2

    1983

  • 1985

    3

    Capital Gains Tax Introduced in Australia - Up to 45%

    Capital Gains Tax (CGT) was introduced into Australia in 1985

    The amount of CGT you will pay on your assets can vary depending on how long you have held the investment.

    If you own the asset for less than 12 months, you will have to pay 100% of the capital gain at your income tax rate.

    If you own the asset for longer than 12 months, you will pay 50% of the capital gain. Capital gains are taxed at the same rate as taxable income.

    i.e. if you earn $40,000 (32.5% tax bracket) per year and make a capital gain of $60,000, you will pay income tax for $100,000 (37% income tax) and your capital gains will also be taxed at 37%.

    According to the ATO – The Personal Income Tax Brackets in Australia for 2023-24 are:-

    $0–$18,200 Nil   –  0%
    $18,201–$45,000   –  19%
    $45,001–$120,000   –  32.5%
    $120,001–$180,000   –  37%
    $180,001 and over   –  45%

    Captial Gains Tax Is Not Imposed on UAE Nationals or Resident Indviduals in Dubai / UAE.

  • 1986

    Fringe Benefits Tax Introduced in Australia - 47%

    Fringe benefits tax is in Australia is levied on Australian employers.

    According to the ATO. Fringe benefits are taxed at the top personal tax rate (45%) plus the Medicare levy (2%) = 47%

    Fringe Benefits Tax Is Not Imposed on Companies or Indviduals in Dubai / UAE.

    4

    1986

  • 1992

    5

    The Superannuation Guarantee (SG) Introduced in Australia - 11%

    The Superannuation Guarantee (SG) Was Introduced in Australia and:-

    According to the ATO, it is compulsory for Australian Employers to pay a Superannuation Guarantee amount of 11% for each of their eligible employees.

    There is no Superannuation Guarantee payable in Dubai / UAE.

  • 1997

    Medicare Levy Surcharge Introduced in Australia - upto 1.5%

    In 1997/1998 the Medicare Levy Surcharge was first introduced in Australia.

    Higher income earners are levied where insufficient hospital insurance cover is maintained, at levy rates upto 1.5%

    If a company does not employ Gulf Corporation Council (GCC) nationals then there is no Medicare Levy Surcharge payable in Dubai / UAE.

    6

    1997

  • 2000

    7

    Goods and Services Tax (GST) Introduced in Australia - 10%

    In July 2000 the Goods and Services Tax (GST) was introduced in Australia.

    According to the ATO. The Goods and services tax (GST) is a broad-based tax which is charged on most goods, services and other items sold or consumed in Australia. The current GST Rate is 10%.

    In 2018 The United Arab Emirates (UAE) implemented a Value Added Tax of 5%. However, there are goods and services that exempt supplies where no tax is charged and the VAT rate of 5% remains unchanged in UAE as of May 2024.

  • 2000

    Luxury Car Tax Introduced in Australia - 33%

    In 2000 the Luxury Car Tax Introduced in Australia.

    What is luxury car tax?

    Luxury Car Tax (LCT) is a tariff on new cars (those less than two years old) sold at a price that’s above a value threshold set by the Australian Tax Office (ATO), and it’s called a Luxury tax because theoretically it only applies to expensive cars at the luxurious end of the market. The Luxury Car Tax Rate is 33%.

    There is no Luxury Car Tax payable in Dubai / UAE.

    8

    2000

  • 2014

    9

    Medicare Levy Increased in Australia - from 1% to 2%

    In 2014/2015 the medicare levy rate in Australia was increased from 1% to 2%.

    In Dubai / UAE If a company does not employ Gulf Corporation Council (GCC) nationals then there is no Medicare Levy payable in Dubai / UAE.

  • 2024

    Company Tax Rate in Australia - 25% to 30%

    In 2024 the Company Tax Rate in Australia varies from 25% to 30%

    Dubai / UAE has a competitive corporate tax rate of :- 

    0 %  on a taxable profit of up to AED 375,000 ($155,000 AUD)

    9 %  on a taxable profit above AED 375,000 ($155,000 AUD)

    However many businesses remain exempt from this.

    10

    2024

  • 2024

    11

    Personal Tax Rates in Australia - upto 45% Plus The Medicare Levy 2%, And Plus The Medicare Levy Surcharge 1.5%

    In 2024 According to the ATO – The Personal Income Tax Brackets in Australia for 2023-24 are:-

    $0–$18,200 Nil   –  0%
    $18,201–$45,000   –  19%
    $45,001–$120,000   –  32.5%
    $120,001–$180,000   –  37%
    $180,001 and over   –  45%

    In Dubai / UAE There is no Personal Tax payable.

We have been setting up and operating companies around the world for over 25 years and Dubai offers unrivalled advantages.

If you are considering setting up a business in Dubai UAE, please feel free to get in touch for an obligation free discussion.

Get in touch

Global Corporate Advisory L.L.C.-FZ

Business License Number: 2417066.01

The Meydan Hotel, Grandstand, 6th Floor, Meydan Road, Nad Al Sheba, Dubai, United Arab Emirates.

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