TAX RATES

 

Individuals (2016/2017)

Taxable income	Tax rate and tax payable *(residence)	Tax rate and tax payable(non residence)	Working holiday makers rates
$0 – $18,200	Nil	32.5% > 0	15%>0
$18,201 – $37,000	$0 +19% >$18,200	32.5% > 0	$2,730 + 15% > $18,201
$37,001 – $87,000	$3,572 + 32.5% > $37,000	$12,025 + 32.5% > $37,000	$5,550 + 32.5% > $37,000
$87,001 – $180,000	$19,822+ 37% > $87,000	$28,275+ 37% > $87,000	$21,800 + 37% > $87,000
$180,000 +	$54,547 + 45% > $180,000	$62,685 + 45% > $180,000	$56,210 + 45% > $180,000

*Plus Medicare levy 2% and Medicare levy surcharge where applicable

Companies and Superannuation (2015/16)

Private Companies Tax Rate                               30% +ASIC Fees

Small Business (Turnover less than $10mil)     27.5% + ASIC Fees

Public Companies Tax Rate                                 30% + ASIC Fees

Complying Superannuation fund                        15% + Levy

Noncomplying Superannuation fund                 47%