Rates

Rates of Tax 2016/2017

The following are the rates of tax that apply to individuals from the 1st July 2016:

General Rates – Individuals

(Medicare Levy of 2% of taxable income must be added.

Rates below do not include Medicare Levy)

Taxable Income  Rate
$      
0 18,200 0%
18,201 37,000 19%
37,001 87,000 32.5%
87,001 180,000 37%
180,001 and above +   45%

Temporary budget repair levy of 2% for taxable incomes over $180,000 must be added.


Rates of Tax 2015/2016

The following are the rates of tax that apply to individuals from the 1st July 2015:

General Rates – Individuals

(Medicare Levy of 2% of taxable income must be added.

Rates below do not include Medicare Levy)

Taxable Income  Rate
$      
0 18,200 0%
18,201 37,000 19%
37,001 80,000 32.5%
80,001 180,000 37%
180,001 and above +   45%

 Temporary budget repair levy of 2% for taxable incomes over $180,000 must be added.

 


 

Rates of Tax 2014/2015

The following are the rates of tax that apply to individuals from the 1st July 2014:

General Rates – Individuals

(Medicare Levy of 2% of taxable income must be added.

Rates below do not include Medicare Levy)

Taxable Income  Rate
$      
0 18,200 0%
18,201 37,000 19%
37,001 80,000 32.5%
80,001 180,000 37%
180,001 and above +   45%

Temporary budget repair levy of 2% for taxable incomes over $180,000 must be added.