Forgive me if I got the terminology wrong, but are there universal tax laws?

@Elessar * Markets, not markers ✍️ lol

@Elessar I'm more or less just trying to master the understanding of tax lol,
Especially when it comes to doing business overseas n such

By universal, I mean stuff like tax deduction is something that seems pretty universal (I think?)
Or its something that's done in a lot of countries,

I wanna gather as much that Australia has in common with other countries tax laws just to understand the fundamentals,

It's kinda like my shortcut into understanding how things work😬

@Fishy I have customers at work who themselves have foreign customers (and suppliers) and over here it's a matter of making a different type of invoice for each of them, and then a (quarterly) report with the sum of the invoices, all to be digitally signed and sent to the Italian government. I may be wrong, but I think when you login to the portal for the deduction you find it prefilled with those.

But bear in mind, in your country it's most probably wayyy simpler than the bureaucracy clusterf*ck we have here.

@NerdyPotato I was referring to the US-centric knee jerk assertion that the government makes you do all the work and punishes you severely if you get the numbers wrong. In the countries with which I am most familiar (UK, Norway) this is simply not the case.

Also according to https://nomadcapitalist.com/global-citizen/countries-no-income-tax/ there are 16 countries that do not tax personal income.

@ninalanyon fair enough. The Netherlands jails people for tax fraud too, but honest mistakes can be rectified in other ways. And citizens here have to finalize the details, but the government already does fill in some basic information for us. So I guess that is quite different.

@NerdyPotato Here in Norway the tax authorities notify when they have your proposed tax return ready. You log in to the government web site and review it. For most people there is nothing to do except click the button that says that it is all correct. Mine is a tiny bit more complicated because I have a bank account in the UK. I just have to specify how much is in the account and how much interest was earned in the last 12 months. This is done online of course. Once I have submitted that information i can see the results of the tax calculation immediately so I can plan for paying any back tax once the official calculation has been done a few months later.