Australia Tax Tables
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Published on: 2023-05-02 10:04:51
Last modified: 2023-05-02 11:51:39
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Reference(s) Australian Taxation Office
Tax tables last updated: 2023-05-02 11:51:29
Currency Dollar [ AUD ] [ $ ]
Introduction
On this page you will find:
- The latest tax tables for Australia which are used as the default tax year for Australia tax calculations in our apps.
- A list of previous tax years tax tables for Australia, these tax years can also be used with the Australia tax calculators by selecting alternate tax years.
The tax tables are split into two seperate categories, these are Personal Income Tax Tables (PIT) and Corporate Income Tax Tables (CIT).
Australia Personal Income Tax (PIT)
PIT includes the tax rates and thresholds that are applied when calculating taxes targeted at individuals, for example, income tax is a tax applied against individuals and therefore categorised as PIT.
| Tax Rate | Taxable Income Threshold | ||
|---|---|---|---|
| 0% | $ 0.000.00 | to | $ 18,200.00 |
| 19% | $ 18,200.01 | to | $ 45,000.00 |
| 32.5% | $ 45,000.01 | to | $ 120,000.00 |
| 37% | $ 120,000.01 | to | $ 180,000.00 |
| 45% | $ 180,000.01 | and above | |
| Tax Rate | Taxable Income Threshold | ||
|---|---|---|---|
| 0% | $ 0.000.00 | to | $ 18,200.00 |
| 19% | $ 18,200.01 | to | $ 45,000.00 |
| 32.5% | $ 45,000.01 | to | $ 120,000.00 |
| 37% | $ 120,000.01 | to | $ 180,000.00 |
| 45% | $ 180,000.01 | and above | |
| 2% | Medicare |
| 0% | Superannuation |
Australia Corporate Income Tax (CIT)
CIT includes the tax rates and thresholds that are applied when calculating taxes targeted at businesses, for example, corporation tax is a tax applied against businesses and therefore categorised as CIT.
| VAT Rate | VAT Rate Type |
|---|---|
| 0% | Reduced |
| 10% | Standard Rate |
Note: VAT (Value Added Tax) is called GST (Goods Service Tax) in Australia, the approach for taxaction calculation is the same for VAT and GST, we use the term VAT for the tax tables and calculators for international comparison.
| 30% | Main Rate |
| 25% | Reduced Rate |
| 0% | Medicare |
| 9.5% | Superannuation |
Australia Tax Years supported by the Tax Calculator
The following tax years are supported by the Tax Calculator. Please contact us if you would like us to add further historical tax years or require additional tax information or metrics which are not currently covered within the Tax Calculator apps.