|
If you are a foreign resident for the full year, the following rates apply:
Tax rates 2018 - 19
|
Taxable
income
|
Tax
on this income
|
|
0 - $90,000
|
32.5c
for each $1
|
|
$90,001 - $180,000
|
$29,250
plus 37c for each $1 over $90,000
|
|
$180,001
and over
|
$62,550
plus 45c for each $1 over $180,000
|
The above rates include
changes implementing changes announced in the 2018-19 Federal Budget.
Tax Rates 2017 - 2018
|
Taxable income
|
Tax on this 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.
The temporary budget repair levy ceased applying from 1 July 2017.
Tax Rates 2016 - 2017
|
Taxable income
|
Tax on this 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.
The above rates do not include the Temporary Budget Repair Levy; this levy is payable at a rate of 2% for taxable incomes over $180,000.
|
