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Tax rates

Contributed by AnnetteMorgan and current to 27 July 2018

Taxable Income Tax Payable
0 - 18,200 Nil
18,201 - 37,000 Nil + 19% of excess over 18,200
37,001 - 87,000 3,572.00 + 32.5% of excess over 37,000
87.001 - 180,000 19,822 + 37% of excess over 87.000
180,001 + 54,232.00 + 45% of excess over 180,000
Note that the tax-free threshold is less than $18,200 in a financial year if you:
  • entered with the intention to reside in Australia during the year
  • left Australia with the intention to reside overseas during the year.

If you are a non-resident the rates for 2017/18 are shown in the following table:

Taxable Income Tax Payable
$0 - $87,000 32.5% on each $1
$87,000 - $180,000 $28,275 + 37% for each $1 over $87,000
$180,000 and over $62,685 + 45% for each $1 over $180,000
From 1 January 2017 new rules were implemented for non residents who are classified as a working holiday maker. The first $37,000 of income is taxed at 15% and the balance is taxed at ordinary rates.

You are a working holiday maker if you have a visa subclass:

  • 417 (Working Holiday)
  • 462 (Work and Holiday).

Once you apply the tax tables to your taxable income, further calculations are likely to be necessary. The more significant of these relate to the Medicare levy and the Higher Education Loan Program.

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