Tax Rates


Individual Tax Rates


An updated schedule of current individual tax rates & offsets 2013 to 2018.

Resident Tax Thresholds 2018 2017 2016 2015 2014 2013
to 18200 0% 0% 0% 0% 0% 0%
to 37000 19% 19% 19% 19% 19% 19%
to 80000   -   - 32.5% 32.5% 32.5% 32.5%
to 87000 32.5% 32.5%   -   -   -   -
to 180000 37% 37% 37% 37% 37% 37%
180000+ 45% 45% 45% 45% 45% 45%
Add Budget Repair Levy 180000+   - 2% 2% 2%   -   -
Add Medicare Levy on Total Income 2% 2% 2% 2% 1.5% 1.5%
Add Medicare Levy Surcharge 1% if income >90,000 (family 180,000) up to 1.5% for 140,000+ (280,000)
Low Income Offset $445 if income under 37000, reducing to nil at 66,667 income
Seniors Tax Offset $2230 (couple 1602 ea) to 32279 (28974 ea) reducing to nil at 50119
SBE Tax Offset 8% (5% 2016) of your tax on business, trust or partner income up to $1000
 
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