Tax Rates
Sydney Tax Returns and Accountants
Individual - Resident - Tax Rates
These rates apply to individuals who:
- are residents of Australia for tax purposes for the whole financial year; and
- did not leave full-time education for the first time during the financial year
Tax rates 2008-09
Taxable income |
Tax on this income |
$1 β $6,000 |
Nil |
$6,001 β $30,000 |
15c for each $1 over $6,000 |
$30,001 β $80,000 |
$3,600 plus 30c for each $1 over $30,000 |
$80,001 β $180,000 |
$18,600 plus 40c for each $1 over $80,000 |
$180,001 and over |
$58,600 plus 45c for each $1 over $180,000 |
The above rates do not include the Medicare levy of 1.5%. Tax offsets reduce the tax payable. |
|
Tax rates 2007-08
Taxable income |
Tax on this income |
$1 β $6,000 |
Nil |
$6,001 β $30,000 |
15c for each $1 over $6,000 |
$30,001 β $75,000 |
$3,600 plus 30c for each $1 over $30,000 |
$75,001 β $150,000 |
$17,100 plus 40c for each $1 over $75,000 |
$150,001 and over |
$47,100 plus 45c for each $1 over $150,000 |
The above rates do not include the Medicare levy of 1.5%. Tax offsets reduce the tax payable. |
|
Individual - Non Resident - Tax Rates
These rates apply to individuals who:
- are non-residents of Australia for tax purposes for the whole financial year
Tax rates 2008-09
Taxable income |
Tax on this income |
$0 β $34,000 |
29c for each $1 |
$34,001 β $80,000 |
$9,860 plus 30c for each $1 over $34,000 |
$80,001 β $180,000 |
$23,660 plus 40c for each $1 over $80,000 |
$180,001 and over |
$63,660 plus 45c for each $1 over $180,000 |
The above rates do not include the Medicare levy of 1.5%. Tax offsets reduce the tax payable. |
|
Tax rates 2007-08
Taxable income |
Tax on this income |
$0 β $34,000 |
29c for each $1 |
$30,001 β $75,000 |
$8,700 plus 30c for each $1 over $30,000 |
$75,001 β $150,000 |
$22,200 plus 40c for each $1 over $75,000 |
$150,001 and over |
$52,200 plus 45c for each $1 over $150,000 |
The above rates do not include the Medicare levy of 1.5%. Tax offsets reduce the tax payable. |
|
Company - Tax Rates
Tax rates 2007-08
Flat tax rate of 30% applies to companies
Superannuation Funds
Tax rates 2007-08
Complying Super Fund - 15% tax rate
Non Complying Super Fund - 40% tax rate
