KUVERA | Tax Rates
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Tax Rates

                            Tax rates 2015–16

The following rates for 2015–16 applied from 1 July 2015
Taxable income Tax on this income
0 – $18,200  $0
$18,201 – $37,000 19% for each $1 over $18,200
$37,001 – $80,000 $3,572 plus 32.5 % for each $1 over $37,000
$80,001 – $180,000 $17,547 plus 37% for each $1 over $80,000
$180,001 and over

$54,547 plus 45% for each $1 over $180,000

 

                             Tax rates 2016–17

The following rates for 2016–17 apply from 1 July 2016
Taxable income Tax on this income
0 – $18,200 $0
$18,201 – $37,000 19% for each $1 over $18,200
$37,001 – $80,000 $3,572 plus 32.5% for each $1 over $37,000
$80,001 – $180,000 $17,547 plus 37% for each $1 over $80,000
$180,001 and over $54,547 plus 45% for each $1 over $180,000

 

The above rates do not include the:

  • Medicare levy of 2%
  • Temporary Budget Repair Levy; this levy is payable at a rate of 2% for taxable incomes over $180,000.