On July 1, 2016, Australian tax and pension laws came into effect for residents of Norfolk Island
Australian tax residents pay income tax generally on their worldwide income, while non-residents pay income tax on income from sources in Australia.
Income tax is levied on a progressive scale. For tax residents of Australia there are the following tax rates:
Australian companies pay tax on their worldwide income; foreign companies pay tax on income from sources in Australia.
The rate of corporate income tax is 30%.
Capital gains tax does not apply to assets on Norfolk Island owned by Norfolk Island residents prior to October 24, 2015.
No tax is withheld from dividend payments to non-residents unless they are paid out of profits on which no income tax was paid. In the latter case, the withholding tax rate is 30%.
The withholding tax rate is 30% for royalties, 10% for interest.
Tax can be withheld on payment of some other types of income.
Tax rates can be reduced in accordance with double taxation avoidance agreements (DTAs).
Tax does not apply to transactions on Norfolk Island.
Luxury car tax, wine tax, and fuel tax exemptions do not apply to transactions on Norfolk Island.
Norfolk has no separate double tax treaties because it is represented as part of Australia in the tax treaties concluded by Australia.
Australia has 47 Double Tax Treaties (DTTs) and 35 Tax Information Exchange Agreements (TIEAs) with the following jurisdictions:
47 DTTs: Argentina, Austria, Belgium, Canada, Chile, China, Czech Republic, Denmark, Fiji, Finland, France, Germany, Greece, Hungary, Iceland, India, Indonesia, Ireland, Israel, Italy, Japan, Kiribati, Korea (Republic of), Malaysia, Malta, Mexico, Netherlands, New Zealand, Norway, Papua New Guinea, Philippines, Poland, Romania, Russia, Singapore, Slovakia, South Africa, Spain, Sri Lanka, Sweden, Switzerland, Taiwan, Thailand, Turkey, United Kingdom, United States of America, Vietnam.
35 TIEAs: Andorra, Anguilla, Antigua & Barbuda, Aruba, The Bahamas, Bahrain, Belize, Bermuda, British Virgin Islands, Brunei, The Cayman Islands, Cook Islands, Costa Rica, Dominica, Gibraltar, Grenada, Guatemala, Guernsey, Isle of Man, Jersey, Liberia, Liechtenstein, Macao, Marshall Islands, Mauritius, Monaco, Montserrat, Samoa, San Marino, St Kitts and Nevis, St Lucia, St Vincent & the Grenadines, Turks and Caicos Islands, Uruguay, Vanuatu.
BEPS MLI: On July 7, 2017, Australia signed the Multilateral Convention to Implement Tax Treaty-Related Measures to Prevent Base Erosion and Profit Shifting (MLI). The MLI entered into force for Australia on January 1, 2019.
CRS MCAA: On June 3, 2015, Australia signed the Multilateral Competent Authority Agreement on Automatic Exchange of Financial Account Information (CRS MCAA), under which Australia receives information from its financial institutions and automatically exchanges this information with other jurisdictions on an annual basis. The automatic exchange began in September 2018.
CbC MCAA: On January 27, 2016, Australia signed the Multilateral Competent Authority Agreement on the Exchange of Country-by-Country Reports (CbC MCAA), which allows Australian banks to collect and transmit foreign resident account data to their country's tax authorities, who then automatically exchange this information with the tax authorities of other participating countries.
GIR MCAA: On January 28, 2026, Australia signed the Multilateral Competent Authority Agreement on the Exchange of GloBE Information (GIR MCAA), which enables the automatic exchange of tax returns (GIRs) between tax administrations to minimize the compliance burden on multinational corporations so they can centrally file their GloBE reports.
There is no exchange control in Norfolk.