The Medicare Levy is imposed at a flat rate of one.5% of the individual’s taxable income, Despite the fact that exemptions may be provided to very low income earners and foreign residents. A business needs to have an ABN if it is needed to register for GST (see over, Consumption https://business-law-and-taxation64207.qodsblog.com/33996266/how-excise-and-taxation-law-pdf-can-save-you-time-stress-and-money