Taxable income

Tax payable* – residents

Tax payable – non-residents1

Up to $18,200

Nil

32.5%

$18,201 – $37,000

Nil + 19%

$37,001 – $87,000

$3,572 + 32.5%

$87,001 – $180,000

$19,822 + 37%

$28,275 + 37%

Above $180,000

$54,232 + 45%

$62,685 + 45%

1 July 2018 – 30 June 2022 (including 2019/20)

Taxable income

Tax payable* – residents

Tax payable – non-residents1

Up to $18,200

Nil

32.5%

$18,201 – $37,000

Nil + 19%

$37,001 – $90,000

$3,572 + 32.5%

$90,001 – $180,000

$20,797 + 37%

$29,250 + 37%

Above $180,000

$54,097 + 45%

$62,550 + 45%

1 July 2022 – 30 June 2024

Taxable income

Tax payable* – residents

Tax payable – non-residents2

Up to $18,200

Nil

32.5%

$18,201 – $45,000

Nil + 19%

$45,001 – $120,000

$5,092 + 32.5%

$120,001 – $180,000

$29,467 + 37%

$39,000 + 37%

Above $180,000

$51,667 + 45%

$61,200 + 45%

1 July 2024 – 30 June 2025

Taxable income

Tax payable* – residents

Tax payable – non-residents2

Up to $18,200

Nil

30%

$18,201 – $45,000

Nil + 19%

$45,001 – $200,000

$5,092 + 30%

Above $200,000

$51,592 + 45%

$60,000 + 45%