Tax Rates

Tax Rates

Tax Rates 2018/19

TAXABLE INCOME TAX%
$0 - $18,200 nil
$18,201 - $37,000 19%
$37,001 - $90,000 32.5%
$90,001 - $180,000 37%
Over $180,001 47% includes 2% debt levy 

 

Tax Rates 2017/18

TAXABLE INCOME TAX%
$0 - $18,200 nil
$18,201 - $37,000 19%
$37,001 - $87,000 32.5%
$87,001 - $180,000 37%
Over $180,001 45% (includes 2% debt levy)

 

Low Income tax offset 2017/18

The low income offset is $445. This offset will reduce by 1.5 cents for every $1 of taxable income over $37,000. It phases out when the taxable income is $66,667. 

 

FBT Benchmark Interest Rate

  FBT Div7A
2018 5.25%  5.30%
2017 5.65% 5.40%
2016 6.65% 5.45%

 

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