Tax Rates

Tax Rates

Tax Rates 2016/17

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 47% includes 2% debt levy 

 

Tax Rates 2015/16

TAXABLE INCOME TAX%
$0 - $18,200 nil
$18,201 - $37,000 19%
$37,001 - $80,000 32.5%
$80,001 - $180,000 37%
Over $180,001 47% (includes 2% debt levy)

 

Tax Rates 2014/15

TAXABLE INCOME TAX%
$0 - $18,200 nil
$18,201 - $37,000 19%
$37,001 - $80,000 32.5%
$80,001 - $180,000 37%
Over $180,001 45% includes 2% debt levy 

  

Low Income tax offset 2015/16

Maximum $445 tax offset if taxable income is less.
Than $37,000, and phases out at $66,667.

 

FBT Benchmark Interest Rate

  FBT Div7A
2016 5.65% 5.45%
2015 5.95% 5.95%
2014 6.45% 6.20%

 

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