INCOME TAX RATES ACT 1986

Schedules

SCHEDULE 7 - GENERAL RATES OF TAX  

Subsection 12(1)


PART III - WORKING HOLIDAY MAKERS  

SECTION 1.   1.  


The rates of tax on a taxpayer ' s working holiday taxable income for a year of income are as set out in the table that is applicable to the year of income.


Tax rates for working holiday makers for the 2018-19, 2019-20, 2020-21 or 2021-22 year of income
Item For the part of the taxpayer ' s working holiday taxable income that: The rate is:
1 does not exceed $37,000 15%
2 exceeds $37,000 but does not exceed $90,000 32.5%
3 exceeds $90,000 but does not exceed $180,000 37%
4 exceeds $180,000 45%

Note:

The above table will be repealed on 1 July 2024 by the Treasury Laws Amendment (Personal Income Tax Plan) Act 2018 .


Tax rates for working holiday makers for the 2022-23 or 2023-24 year of income
Item For the part of the taxpayer ' s working holiday taxable income that: The rate is:
1 does not exceed $45,000 15%
2 exceeds $45,000 but does not exceed $120,000 32.5%
3 exceeds $120,000 but does not exceed $180,000 37%
4 exceeds $180,000 45%

Note:

The above table will be repealed on 1 July 2026 by the Treasury Laws Amendment (Personal Income Tax Plan) Act 2018 .


Tax rates for working holiday makers for the 2024-25 year of income or a later year of income
Item For the part of the taxpayer ' s working holiday taxable income that: The rate is:
1 does not exceed $45,000 15%
2 exceeds $45,000 but does not exceed $200,000 30%
3 exceeds $200,000 45%





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