SEARCH LISTED COMPANY
Any AUS or NZ company
SEARCH PRIVATE COMPANY
SEARCH FUNDS
Find any Australian or New Zealand company or fund (dead or alive) by using SEARCH above or go directly to the site:
Taxation of Individuals
Personal tax rates excluding the medicare levy (which is usually an additional 1.5%). Non-residents do not pay the Medicare Levy.
Taxable Income |
Tax Residents |
Tax Non-residents
|
Year to 30 June 2010 |
|
|
|
|
|
Up to $6,000 |
NIL |
29% |
$6,001 - $35,000 |
NIL + 15% |
29% |
$35,001 - $80,000 |
$4,350 + 30% |
$10,150 + 30% |
$80,001 - $180,000 |
$17,850 + 38% |
$23,650 + 38% |
Over $180,000 |
$55,850 + 45% |
$61,650 + 45% |
|
|
|
Year to 30 June 2011 |
|
|
|
|
|
Up to $6,000 |
NIL |
29% |
$6,001 - $37,000 |
NIL + 15% |
29% |
$37,001 - $80,000 |
$4,650 + 30% |
$10,730 + 30% |
$80,001 - $180,000 |
$17,550 + 37% |
$23,630 + 37% |
Over $180,000 |
$54,550 + 45% |
$60,630 + 45% |
|
|
|
Year to 30 June 2012 |
|
|
|
|
|
Up to $6,000 |
NIL |
29% |
$6,001 - $37,000 |
NIL + 15% |
29% |
$37,001 - $80,000 |
$4,650 + 30% |
$10,730 + 30% |
$80,001 - $180,000 |
$17,550 + 37% |
$23,630 + 37% |
Over $180,000 |
$54,550 + 45% |
$60,630 + 45% |
|
|
|
Year to 30 June 2013 |
|
|
|
|
|
Up to $18,200 |
NIL |
32.5% |
$18,201 - $37,000 |
NIL + 19% |
32.5% |
$37,001 - $80,000 |
$3,572 + 32.5% |
32.5% |
$80,001 - $180,000 |
$17,547 + 37% |
$26,000 + 37% |
Over $180,000 |
$54,547 + 45% |
$63,000 + 45% |
|
|
|
Year to 30 June 2014 | ||
Up to $18,200 | NIL | 32.5% |
$18,201 - $37,000 | NIL + 19% | 32.5% |
$37,001 - $80,000 | $3,572 + 32.5% | 32.5% |
$80,001 - $180,000 | $17,547 + 37% | $26,000 + 37% |
Over $180,000 | $54,547 + 45% | $63,000 + 45% |
NOTES:
The above rates don't include Medicare Levy, which is applied on a progressive basis at the additional rate of 1.5%, or 2.5% if eligible private health insurance cover is not maintained. There are low income and other full or partial exemptions available.
Non-residents do not pay the Medicare Levy.
2013 - along with the increase in "nil tax" threshold to $18,200, the Low Income Tax Offset "LITO" has been reduced to $445. The combined effect is that no tax is payable up to an income of $20,542.
2014 - The Low Income Tax Offset (“LITO”) full amount in 2013-14 is $445 reducing by 1.5 cents in the dollar, for every dollar of income over $37,000 such that it cuts out at $66,667. The effect is that no tax is payable up to an income of $20,542.
Other Tax Changes for 2013-14