Tax Rates

 Tax Rates Current Tax Year: 2017 - 2018 Rates and allowances set for various types of tax are set out below. Personal Income Tax Rates
Australian Residents / Sole Traders
Taxable Income Tax Payable on Income
0 - $18,200 Nil
$18,001 - $37,000 19c for each $1 over $18,200
$37,001 - $87,000 $3,572 plus 32.5c for each $1 over $37,000
$87,001 - $180,000 $19,822 plus 37c for each $1 over $87,000
$180,001 and over $54,232 plus 45c for each $1 over $180,000
Above rates do not include Medicare Levy of 2%.
Temporary Budget Repair Levy ceased applying from 1 July 2017.
Foreign Residents
Taxable Income Tax Payable on Income
0 - $87,000 32.5c for each $1
$87,001 - $180,000 $28,275 plus 37c for each $1 over $87,000
$180,001 and over $62,685 plus 45c for each $1 over $180,000
Foreign Residents are not required to pay the Medicare Levy.
Temporary Budget Repair Levy ceased applying from 1 July 2017.
Residents under 18 Years Old 
Unearned Income Tax Payable on Income
0 - $416 Nil
$417 - $1,307 Nil plus 66% of the excess over $416
$1,308 and over 45% of the total amount that is not expected income
Non-Residents under 18 Years Old 
Unearned Income Tax Payable on Income
0 - $416 32.5% of the entire amount
$417 - $663 $135.20 plus 66% of the excess over $416
$664 and over 45% of the entire amount