Tax Tables

TAX RATES 2019-20

The following rates applied from 1st July 2019.

RESIDENTS

Taxable Income Tax on this income
$0 – $18,200 NIL
$18,201 – $37,000 19c for each $1 over $18,200
$37,001 – $90,000 $3,572 plus 32.5c for each $1 over $37,000
$90,001 – $180,000 $20,797 plus 37c for each $1 over $90,000
$180,001 and over $54,097 plus 45c for each $1 over $180,000

NOTE: The above rates do not include Medicare levy which is an additional 2% on taxable income (from July 2014).

FOREIGN RESIDENTS

Taxable Income Tax on this income
$0 – $90,000 32.5c for each $1
$90,001 – $180,000 $29,250 plus 37c for each $1 over $90,000
$180,001 and over $62,550 plus 45c for each $1 over $180,000

NOTE: Foreign residents are not required to pay the Medicare levy.

WORKING HOLIDAY MAKER TAX RATES 2019-20

Taxable Income Tax on this income
$0 – $37,000 15c for each $1
$37,001 – $90,000 $5,500 plus 32.5c for each $1 over $37,000
$90,001 – $180,000 $22,775 plus 37c for each $1 over $90,000
$180,001 and over $56,075 plus 45c for each $1 over $180,000

NOTE: Working Holiday Maker’s are not required to pay the Medicare levy.

 


Further information:

 

ATO site

► Individual Income Tax Rates

► Medicare levy

► Medicare levy surcharge