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Individual income tax rates for 2016-17

The Government has announced that from 1 July 2016, for individual taxpayers, the marginal tax rate of 37 per cent starts at $87,000 instead of the previous $80,000

The tables below provide working holiday maker, resident and non-resident tax brackets for 2016-17:


Table 1: Working holiday makers tax rates (apply from 1 January 2017)

Taxable income Tax on this income
0 to $37,000 15c for each $1
$37,001 to $87,000 $5,550 plus 32.5c for each $1 over $37,000
$87,001 to $180,000 $21,800 plus 37c for each $1 over $87,000
$180,001 and over
$56,210 plus 45c for each $1 over $180,000

Click here to read six examples that the Australian Taxation Office has provided to understand how the new backpackers tax law will affect your tax refund amount. Note, the above rates do not include the Medicare Levy of 2% and Temporary Budget Repair Levy (this levy is payable at a rate of 2% for taxable incomes over $180,000).


Table 2: Resident tax rates for 2016-17

Taxable income Tax on this income
0 - $18,200 Nil
$18,201 - $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 $80,000
$180,001 and over $54,232 plus 45c for each $1 over $180,000

The above rates do not include the Medicare Levy of 2% and Temporary Budget Repair Levy (this levy is payable at a rate of 2% for taxable incomes over $180,000).


Table 3: Non-resident tax rates for 2016-17

Taxable income Tax on this income
0 to $87,000 32.5c for each $1
$87,001 to $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

The above rates do not include the Flood levy (see Flood levy information for individuals for more information). Foreign residents are not required to pay the Medicare levy.

Children
If you are under the age of 18, and receive 'unearned' income (for example, investment income), special rates apply. See Income of individuals under the age of 18.

Calculators
A simple tax calculator is available to help you calculate the tax on your taxable income. The Comprehensive tax calculator also takes into account Medicare levy, higher education loan scheme repayments, tax offsets and tax credits to give you an estimate of the amount of your tax refund or debt.
Tax deducted from my pay

If you want to know how much your employer (or other payer) is required to withhold from payments to you, use the Tax withheld calculator.

More information
Individual income tax rates for prior years.

 

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