According to each residency type, The tax rates from 2021 to 2024 are as follows:
| TAXABLE INCOME | 2024 | 2023 | 2022 | 2021 | ||||||
| AUSTRALIAN RESIDENT FOR TAX PRUPOUSES | 0 - $18.200 | 0.0% | 0.0% | 0.0% | 0.0% | |||||
| $18.201 - $45.000 | 19.0% | 19.0% | 19.0% | 19.0% | ||||||
| $45.001 - $120.000 | 32.5% | 32.5% | 32.5% | 32.5% | ||||||
| $120.001 - $180.000 | 37.0% | 37.0% | 37.0% | 37.0% | ||||||
| $180.001 - Over | 45.0% | 45.0% | 45.0% | 45.0% | ||||||
| WORKING HOLIDAY MAKER | 0 - $45.000 | 15.0% | 15.0% | 15.0% | 15.0% | |||||
| $45.001 - $120.000 | 32.5% | 32.5% | 32.5% | 32.5% | ||||||
| $120.001 - $180.000 | 37.0% | 37.0% | 37.0% | 37.0% | ||||||
| $180.001 - Over | 45.0% | 45.0% | 45.0% | 45.0% | ||||||
| FOREING RESIDENT | 0 - $120.000 | 32.5% | 32.5% | 32.5% | 32.5% | |||||
| $120.001 - $180.000 | 37.0% | 37.0% | 37.0% | 37.0% | ||||||
| $180.001 - Over | 45.0% | 45.0% | 45.0% | 45.0% |
For the current year 2025, The thershold and Tax Rates have changed as shown below:
| TAXABLE INCOME | 2025 | ||||
| AUSTRALIAN RESIDENT FOR TAX PRUPOUSES | 0 - $18.200 | 0.0% | |||
| $18.201 - $45.000 | 16.0% | ||||
| $45.001 - $135.000 | 30.0% | ||||
| $135.001 - $190.000 | 37.0% | ||||
| $190.001 - Over | 45.0% | ||||
| WORKING HOLIDAY MAKER | 0 - $45.000 | 15.0% | |||
| $45.001 - $135.000 | 30.0% | ||||
| $135.001 - $190.000 | 37.0% | ||||
| $190.001 - Over | 45.0% | ||||
| FOREING RESIDENT | 0 - $135.000 | 30.0% | |||
| $135.001 - $190.000 | 37.0% | ||||
| $190.001 - Over | 45.0% |
At YS Accounting we provide professional Advise on How to successfully lodge your Tax Return.
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