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moreResident taxpayers
The current 2015/16 tax rates (including the 2% temporary budget deficit levy, but excluding the 2% Medicare levy) are:
|
2015/16 Income Year |
|
|
Taxable Income $ |
Tax Payable $ |
|
0 – 18,200 |
Nil |
|
18,201 – 37,000 |
Nil + 19% of excess over $18,200 |
|
37,001 – 80,000 |
3,572 + 32.5% of excess over $37,000 |
|
80,001 – 180,000 |
17,547 + 37% of excess over $80,000 |
|
180,001 + |
54,547 + 47% of excess over $180,000 |
The proposed rates for the 2016/17 year (including the 2% temporary budget deficit levy, but excluding the 2% Medicare levy) are:
|
2016/17 Income Year |
|
|
Taxable Income $ |
Tax Payable $ |
|
0 – 18,200 |
Nil |
|
18,201 – 37,000 |
Nil + 19% of excess over $18,200 |
|
37,001 – 87,000 |
3,572 + 32.5% of excess over $37,000 |
|
87,001 – 180,000 |
19,822 + 37% of excess over $80,000 |
|
180,001 + |
54,232 + 47% of excess over $180,000 |
Non-resident taxpayers
The current rates for non-resident taxpayers (including the temporary budget deficit levy) for 2015/16 are:
|
2015/16 Income Year |
|
|
Taxable Income $ |
Tax Payable $ |
|
0 – 80,000 |
32.5% |
|
80,001 – 180,000 |
26,000 + 37% of excess over $80,000 |
|
180,001 + |
63,000 + 47% of excess over $180,000 |
Note: foreign residents who hold a Special Program Visa (subclass 416) and are employed by an approved employer under the Seasonal Labour Mobility Program will be taxed at 15%.
The proposed tax rates for non-residents (including the temporary budget deficit levy) for 2016/17 are:
|
2015/16 Income Year |
|
|
Taxable Income $ |
Tax Payable $ |
|
0 – 87,000 |
32.5% |
|
87,001 – 180,000 |
28,275 + 37% of excess over $80,000 |
|
180,001 + |
62,685 + 47% of excess over $180,000 |