BOOKING TRAVEL / LEARN AUSTRALIA TAX RATES
Australia's income tax rate for 2018/2019 and 2019/2020 (residents)
Income threshold
Ratio
Taxes are payable on this income
$ 0 - $ 18,200
0%
Is not
$ 18,201 - $ 37,000
19%
19c per $ 1 over $ 18,200
$ 37,001 - $ 90,000
32.5%
$ 3,572 plus 32.5% of the amount over $ 37,000
$ 90,001 - $ 180,000
37%
$ 20,797 plus 37% of the amount over $ 90,000
$ 180,000 and up
45%
$ 54,096 plus 45% of the amount over $ 180,000
Background: In the Federal Budget of 2018 and 2019, the Federal Government has announced income tax reduction packages, including the introduction of new (temporary) low and medium income tax (LMITO) and change for most tax brackets. For more details, see SuperGuide's articles on Australia's personal income tax cuts from 2018/2019 and an overview of the 2019 Federal Budget: Super, taxes and related notices.
We have summarized the tax frame changes for the years in the following table:
Australian income tax rates change for 2018/2019 and subsequent years (residents)
2018/2019, 2019/2020, 2020/2021 and 2021/2022
2022/2023 and 2023/2024
From 2024/2025
Income taxes
Tax
Income taxes
Tax
Income taxes
Tax
$ 0 - $ 18,200
Is not
$ 0 to $ 18,200
Is not
$ 0 - $ 18,200
Is not
$ 18,201 - $ 37,000
19% for amounts over $ 18,200
$ 18,201 - $ 45,000
19% for amounts over $ 18,200
$ 18,201 - $ 45,000
19% for amounts over $ 18,200
$ 37,001 - $ 90,000
$ 3,572 + 32.5% for amounts over $ 37,000
$ 45,001 - $ 120,000
$ 5,092 + 32.5% for amounts over $ 45,000
$ 45,001 - $ 200,000
$ 5,092 + 30% for amounts over $ 45,000
$ 90,001 - $ 180,000
$ 20,797 + 37% for amounts over $ 90,000
$ 120,001 - $ 180,000
$ 29,467 + 37% for amounts over $ 120,000
$ 180,001 and up
$ 54,097 + 45% for amounts over $ 180,000
$ 180,001 and up
$ 51,666 + 45% for amounts over $ 180,000
$ 200,001 and up
$ 51,592 + 45% for amounts over $ 200,000
Australia's income tax rate for 2018/2019 and 2019/2020 (foreign residents)
The tax rates for foreign residents for 2018/2019 and subsequent income years are summarized in the following table:
Income threshold
Ratio
Taxes are payable on this income
$ 0 - $ 90,000
32.5%
32.5% of the amount above $ 0
$ 90,001 - $ 180,000
37%
$ 29,250
+ 37% of the amount over 90,000 dollars
$ 180,000 +
45%
$ 62,550
+ 45% of the amount over $ 180,000
Note: Non-residents are not responsible for Medicare tax payments and are not eligible for a CGT discount on their accrued interest after May 8, 2012.
Australian income tax rates change for 2018/2019 and subsequent years (foreign residents)
The tax rate for foreign residents from the fiscal year 2018/2019 and subsequent income years is summarized in the following table:
2018/2019, 2019/2020, 2020/2021 and 2021/2022
2022/2023 and 2023/2024
From 2024/2025
Income taxes
Tax
Income taxes
Tax
Income taxes
Tax
$ 0 to $ 90,000
32.5% for every dollar
$ 0 to $ 120,000
32.5% for every dollar
$ 0 to $ 200,000
32.5% for every dollar
$ 90,001 to $ 180,000
$ 29,250 + 37% for amounts over $ 90,000
$ 120,001 to $ 180,000
$ 39,000 + 37% for amounts over $ 120,000
$ 200,001 and up
$ 65,000 + 45% for amounts over $ 200,000
$ 180,001 and up
$ 62,550 + 45% for amounts over $ 180,000
$ 180,001 and up
$ 61,200 + 45% for amounts over $ 180,000
Income tax rates for 2016/2017 and 2017/2018
Resident
Income threshold
Ratio
Taxes must be paid between 2016/2017 and 2017/2018
$ 0 - $ 18,200
0%
Is not
$ 18,201 - $ 37,000
19%
Is not
+ 19% of the amount above $ 18,200
$ 37,001 - $ 87,000
32.5%
$ 3,572
+ 32.5% of the amount above $ 37,000
$ 87,001 - $ 180,000
37%
$ 19,822
+ 37% of the amount over $ 87,000
$ 180,000 +
45%
$ 54,232
+ 45% of the amount over $ 180,000
Source: ATO
Foreign nationals
Income threshold
Ratio
Taxes must be paid between 2016/2017 and 2017/2018
$ 0 - $ 87,000
32.5%
Is not
+ 32.5% of the amount above $ 0
$ 87,001 - $ 180,000
37%
$ 28,275
+ 37% of the amount over $ 87,000
$ 180,000 +
45%
$ 62,685
+ 45% of the amount over $ 180,000
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