RESOURCES
TAX RATE TABLE
Tax Rate 2020-21
These rates apply to individuals who are Australian residents for tax purposes.
The below rates :
Do not include the Medicare levy
| TAXABLE INCOME | TAX ON THIS INCOME |
|---|---|
| 0 – $18,200 | NIL |
| $18,201 – $45,000 | 19 cents for each $1 over $18,200 |
| $45,001 – $120,000 | $5,092 plus 32.5 cents for each $1 over $45,000 |
| $120,001 – $180,000 | $29,467 plus 37 cents for each $1 over $120,000 |
| $180,001 and over | $54,097 plus 45c for each $1 over $180,000 |
CLIENT DOCUMENTATION DOWNLOADS
Good practice checklist for small business and individuals.
USEFUL LINKS
Below are some useful industry bodies to assist you…
Financial Review
http://www.afr.com/
A look into today’s market and up to date trending.
Australian Business Register
https://abr.gov.au/
A comprehensive view on complying with Government Legislation for Companies and Individuals.
Australian Taxation Office
https://www.ato.gov.au/
Comprehensive information on tax and compliance with helpful tools for businesses and individuals.
ASIC
http://www.asic.gov.au/
ASIC is Australia’s corporate, markets and financial services regulator.
Australian Taxation Office Reporting and Lodgement
https://www.ato.gov.au/super/apra-regulated-funds/reporting-and-lodgment-dates/
Comprehensive list of Lodgement and Deadline dates for all Entities and Individuals.