Year

Company -

Small Business Entity      turnover threshold

Company -

Small business tax rate

Company

(non-SBE)

2018 to 2024less than $10 Million27.5%30%
2017less than $10 Million27.5%30%
2016less than $2 Million28.5%30%
2015less than $2 Million30%30%
2014less than $2 Million30%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

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.