| Year |
Company - Small Business Entity turnover threshold |
Company - Small business tax rate |
Company (non-SBE) |
| 2018 to 2024 | less than $10 Million | 27.5% | 30% |
| 2017 | less than $10 Million | 27.5% | 30% |
| 2016 | less than $2 Million | 28.5% | 30% |
| 2015 | less than $2 Million | 30% | 30% |
| 2014 | less than $2 Million | 30% | 30% |
30 June 2018
|
Taxable Income ($) |
Tax on this income ($) |
|---|---|
|
0 to 18,200 |
Nil |
|
18,201 to 37,000 |
19% of each $1 over 18,200 |
|
37,001 to 87,000 |
3,947 plus 32.5% of each $1 over 37,000 |
|
87,001 to 180,000 |
19,822 plus 37% of each $1 over 87,000 |
|
180,001 and over |
54,232 plus 45% of each $1 over 180,000 |
Excludes Medicare levy of 2% of taxable income
Excludes Temporary Budget repair Levy of 2% payable on income over $180,000 - This levy ceased from 1 July 2017 onwards
30 June 2017
|
Taxable Income ($) |
Tax on this income ($) |
|---|---|
|
0 to 18,200 |
Nil |
|
18,201 to 37,000 |
19% of each $1 over 18,200 |
|
37,001 to 87,000 |
3,947 plus 32.5% of each $1 over 37,000 |
|
87,001 to 180,000 |
19,822 plus 37% of each $1 over 87,000 |
|
180,001 and over |
54,232 plus 45% of each $1 over 180,000 |
Excludes Medicare levy of 2% of taxable income
Excludes Temporary Budget repair Levy of 2% payable on income over $180,000
30 June 2016
|
Taxable Income ($) |
Tax on this income ($) |
|---|---|
|
0 to 18,200 |
Nil |
|
18,201 to 37,000 |
19% of each $1 over $18,200 |
|
37,001 to 80,000 |
3,572 plus 32.5% of each $1 over 37,000 |
|
80,001 to 180,000 |
17,547 plus 37% of each $1 over 80,000 |
|
180,001 and over |
54,547 plus 45% of each $1 over 180,000 |
Excludes Medicare levy of 2% of taxable income
Excludes Temporary Budget repair Levy of 2% payable on income over $180,000
30 June 2015
|
Taxable Income ($) |
Tax on this income ($) |
|---|---|
|
0 to 18,200 |
Nil |
|
18,201 to 37,000 |
19% of each $1 over 18,200 |
|
37,001 to 80,000 |
3,572 plus 32.5% of each $1 over 37,000 |
|
80,001 to 180,000 |
17,547 plus 37% of each $1 over 80,000 |
|
180,001 and over |
54,547 plus 45% of each $1 over 180,000 |
Excludes Medicare levy of 2% of taxable income
Excludes Temporary Budget repair Levy of 2% payable on income over $180,000
30 June 2014
|
Taxable Income ($) |
Tax on this income ($) |
|---|---|
|
0 to 18,200 |
Nil |
|
18,201 to 37,000 |
19% of each $1 over $18,200 |
|
37,001 to 80,000 |
3,572 plus 32.5% of each $1 over 37,000 |
|
80,001 to 180,000 |
17,547 plus 37% of each $1 over 80,000 |
|
180,001 and over |
54,547 plus 45% of each $1 over 180,000 |
Excludes Medicare levy of 2% of taxable income
30 June 2013
|
Taxable Income ($) |
Tax on this income ($) |
|---|---|
|
0 to 18,200 |
Nil |
|
18,201 to 37,000 |
19% of each $1 over $18,200 |
|
37,001 to 80,000 |
3,572 plus 32.5% of each $1 over 37,000 |
|
80,001 to 180,000 |
17,547 plus 37% of each $1 over 80,000 |
|
180,001 and over |
54,547 plus 45% of each $1 over 180,000 |
Excludes Medicare levy of 2% of taxable income
30 June 2012
|
Taxable Income ($) |
Tax on this income ($) |
|---|---|
|
0 to 6,000 |
Nil |
|
6,000 to 37,000 |
15% of each $1 over 6,000 |
|
37,001 to 80,000 |
4,650 plus 30% of each $1 over 37,000 |
|
80,001 to 180,000 |
17,550 plus 37% of each $1 over 80,000 |
|
180,001 and over |
54,550 plus 45% of each $1 over 180,000 |
Excludes Medicare levy of 1.5% of taxable income
Excludes the Flood levy
30 June 2011
|
Taxable Income ($) |
Tax on this income ($) |
|---|---|
|
0 to 6,000 |
Nil |
|
6,000 to 37,000 |
15% of each $1 over $6,000 |
|
37,001 to 80,000 |
4,650 plus 30% of each $1 over $37,000 |
|
80,001 to 180,000 |
17,550 plus 37% of each $1 over $80,000 |
|
180,001 and over |
54,550 plus 45% of each $1 over $180,000 |
Excludes Medicare levy of 1.5% of taxable income
Excludes the Flood levy
30 June 2010
|
Taxable Income ($) |
Tax on this income ($) |
|---|---|
|
0 to 6,000 |
Nil |
|
6,000 to 35,000 |
15% of each $1 over $6,000 |
|
35,001 to 80,000 |
4,350 plus 30% of each $1 over 35,000 |
|
80,001 to 180,000 |
17,850 plus 37% of each $1 over 80,000 |
|
180,001 and over |
55,850 plus 45% ofr each $1 over 180,000 |
Excludes Medicare levy of 2% of taxable income
From 1 January 2017 to 30 June 2017
|
Taxable Income ($) |
Tax on this income ($) |
|---|---|
|
0 to 37,000 |
15% of each $1 |
|
37,001 to 87,000 |
3,947 plus 32.5% of each $1 over 37,000 |
|
87,001 to 180,000 |
19,822 plus 37% of each $1 over 87,000 |
|
180,001 and over |
54,232 plus 45% of each $1 over 180,000 |
You are a working holiday maker if you have a visa subclass:
- 417 (Working Holiday)
- 462 (Work and Holiday).
30 June 2018
|
Taxable Income ($) |
Tax on this income ($) |
|---|---|
|
0 to 80,000 |
32.5% of each $1 |
|
80,001 to 180,000 |
26,000 + 37% of each $1 over 80,000 |
|
180,001 and over |
63,000 + 45% of each $1 over 180,000 |
Non-residents do not pay the Medicare Levy.
30 June 2017
|
Taxable Income ($) |
Tax on this income ($) |
|---|---|
|
0 to 87,000 |
32.5% of each $1 |
|
87,001 to 180,000 |
28,275 + 37% for each $1 over $87,000 |
|
180,001 and over |
62,685 + 47%** for each $1 over $180,000 |
Non-residents do not pay the Medicare Levy.
** Includes a 2% Temporary Budget Repair Levy
30 June 2016
|
Taxable Income ($) |
Tax on this income ($) |
|---|---|
|
0 to 80,000 |
32.5% of each $1 |
|
80,001 to 180,000 |
26,000 + 37% of each $1 over 80,000 |
|
180,001 and over |
63,000 + 47%** of each $1 over 180,000 |
Non-residents do not pay the Medicare Levy.
** Includes a 2% Temporary Budget Repair Levy
30 June 2015
|
Taxable Income ($) |
Tax on this income ($) |
|---|---|
|
0 to 80,000 |
32.5% of each $1 |
|
80,001 to 180,000 |
26,000 + 37% of each $1 over 80,000 |
|
180,001 and over |
63,000 + 47%** of each $1 over 180,000 |
Non-residents do not pay the Medicare Levy.
** Includes a 2% Temporary Budget Repair Levy
30 June 2014
|
Taxable Income ($) |
Tax on this income ($) |
|---|---|
|
0 to 80,000 |
32.5% of each $1 |
|
80,001 to 180,000 |
26,000 + 37% of each $1 over 80,000 |
|
180,001 and over |
63,000 + 45% of each $1 over 180,000 |
Non-residents do not pay the Medicare Levy.
30 June 2013
|
Taxable Income ($) |
Tax on this income ($) |
|---|---|
|
0 to 80,000 |
32.5% of each $1 |
|
80,001 to 180,000 |
26,000 + 37% of each $1 over $80,000 |
|
180,001 and over |
63,000 + 45% of each $1 over $180,000 |
Non-residents do not pay the Medicare Levy.
30 June 2012
|
Taxable Income ($) |
Tax on this income ($) |
|---|---|
|
0 to 37,000 |
29% of each $1 |
|
37,001 to 80,000 |
10,730 + 30% of each $1 over 34,000 |
|
80,001 to 180,000 |
23,630 + 37% of each $1 over 80,000 |
|
180,001 and over |
60,630 + 45% of each $1 over 180,000 |
Non-residents do not pay the Medicare Levy.
30 June 2011
|
Taxable Income ($) |
Tax on this income ($) |
|---|---|
|
0 to 37,000 |
29% of each $1 |
|
37,001 to 80,000 |
10,730 + 30% for each $1 over 34,000 |
|
80,001 to 180,000 |
23,630 + 37% for each $1 over 80,000 |
|
180,001 and over |
60,630 + 45% for each $1 over 180,000 |
Non-residents do not pay the Medicare Levy.
30 June 2010
|
Taxable Income ($) |
Tax on this income ($) |
|---|---|
|
0 to 35,000 |
29% of each $1 |
|
35,001 to 80,000 |
10,150 + 30% for each $1 over 34,000 |
|
80,001 to 180,000 |
23,650 + 38% for each $1 over 80,000 |
|
180,001 and over |
61,650 + 45% for each $1 over 180,000 |
Non-residents do not pay the Medicare Levy.