What is the tax rate percentage in australia?
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Asked By: Breanna Donnelly
Date created: Thu, Aug 26, 2021 8:54 PM
Date updated: Tue, Jun 28, 2022 8:59 AM
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Top best answers to the question «What is the tax rate percentage in australia»
- The Personal Income Tax Rate in Australia stands at 45 percent. source: Australian Taxation Office 10Y 25Y
Australian income tax rates for 2018–19 and 2019–20 (residents)
| Income thresholds | Rate | Tax payable from 2018–19 and 2019–20 |
|---|---|---|
| $0 – $18,200 | 0% | Nil |
| $18,201 – $37,000 | 19% | 19c for each $1 over $18,200 |
| $37,001 – $90,000 | 32.5% | $3,572 plus 32.5c for each $1 over $37,000 |
| $90,001 – $180,000 | 37% | $20,797 plus 37c for each $1 over $87,000 |