Income Tax rates 2022-2023 in Australia

Australian Income Tax 2022-2023.

The Australian Income Tax rates for 2022-2023 are shown below.  The Australian 2022-2023 Income Tax year runs from 1st July 2022 to 30 June 2023. Proposed 2022-23 Tax Rates These are the proposed Australian Income Tax… Read the rest


Australian Income Tax Rates 2018-2019

Income Tax in Australia 2018 – 2019

A resident taxpayer in Australia who earns $18,200 or under, in the year, will pay NO tax on that income. If the annual income is $37,000 then the tax payable is $3,572. This… Read the rest

Income Tax in Australia 2018 – 2019

A resident taxpayer in Australia who earns $18,200 or under, in the year, will pay NO tax on that income. If the annual income is $37,000 then the tax payable is $3,572. This… Read the rest


Australian Tax on Overseas Purchases

How Much Tax is Paid when Buying from Overseas

When buying goods from overseas there is a consideration for Import duty and taxes for those goods. There is also a processing charge for making an Import Declaration. However, there is… Read the rest

How Much Tax is Paid when Buying from Overseas

When buying goods from overseas there is a consideration for Import duty and taxes for those goods. There is also a processing charge for making an Import Declaration. However, there is… Read the rest


Income Tax Rates for Foreign Residents in Australia

Income Tax Rates for Foreigners not Tax Resident in Australia

Different Tax Rules apply for individuals who are ‘foreign residents for tax purposes’ in Australia

The 2016-17 Non Tax Resident TAX rates are:

32.5c for each $1 on incomes up… Read the rest

Income Tax Rates for Foreigners not Tax Resident in Australia

Different Tax Rules apply for individuals who are ‘foreign residents for tax purposes’ in Australia

The 2016-17 Non Tax Resident TAX rates are:

32.5c for each $1 on incomes up… Read the rest


Income Tax Rates 2016-2017

Income Tax in Australia 2016 – 2017

A resident taxpayer in Australia who earns $18,200 or under, in the year, will pay NO tax on that income. If the annual income is $37,000 then the tax payable is $3,572. This… Read the rest

Income Tax in Australia 2016 – 2017

A resident taxpayer in Australia who earns $18,200 or under, in the year, will pay NO tax on that income. If the annual income is $37,000 then the tax payable is $3,572. This… Read the rest


Medicare Levy Threshold 2015-16

No Medicare Levy if Income under $21,335 for the 2015-16 tax year

Medicare levy reduction for low-income earners Your Medicare levy is reduced if your taxable income is below a certain threshold and, in some cases, you may not have… Read the rest

No Medicare Levy if Income under $21,335 for the 2015-16 tax year

Medicare levy reduction for low-income earners Your Medicare levy is reduced if your taxable income is below a certain threshold and, in some cases, you may not have… Read the rest


UK Tax Office to get Automatic Shared data from Australia

Australia will soon be automatically sharing Financial Data with UK

Automatic information-sharing between banks across the world means HM Revenue & Customs will soon be able to catch evaders almost anywhere. More than 90 jurisdictions (INCLUDING AUSTRALIA) will begin to… Read the rest


Income Tax Rates 2015-2016

Income Tax in Australia 2015 – 2016

A resident taxpayer in Australia who earns $18,200 or under, in the year, will pay NO tax on that income. If the annual income is $37,000 then the tax payable is $3,572. This… Read the rest

Income Tax in Australia 2015 – 2016

A resident taxpayer in Australia who earns $18,200 or under, in the year, will pay NO tax on that income. If the annual income is $37,000 then the tax payable is $3,572. This… Read the rest


Medicare Levy and Surcharge

Medicare Levy in Australia

Medicare Levy

A Medicare Levy, currently at 2.0% of income, is charged to Individuals. (From 1 July 2014 the Medicare levy rose from 1.5% to 2.0%) In a similar way to the UK “National Insurance Contributions”,… Read the rest


Superannuation and Retirement in Australia

Superannuation and Retirement in Australia A good website to view is www.seniors.gov.au where I found this quote: There is no statutory retirement age in Australia. www.britzinoz.com/compulsory-superannuation-scheme-in-australia In prior years, very few Australians over 50 waited until qualifying for the Age… Read the rest