I invested in a company located in Australia. The company offers contracts with an amount of profits (depending on contract). They first asked 20% tax, and now they're asking for 32.5 cents per 1 dollar.
An example of the tax invoice:
Capital: $4508
Profit: $18522
Tax they are asking for: $6019
I wanted to know why it is 32.5, however, based on what I understood, the rate should be 19 cents per 1 dollar over $18200!
Just wanted to add that I'm non- Australian, and I'm not living in Australia.
Thank you
An example of the tax invoice:
Capital: $4508
Profit: $18522
Tax they are asking for: $6019
I wanted to know why it is 32.5, however, based on what I understood, the rate should be 19 cents per 1 dollar over $18200!
Just wanted to add that I'm non- Australian, and I'm not living in Australia.
Thank you