A summary of the budget changes effective from 1 July 2014 is below:
• The personal tax rates for the 2014/15 income year are
Taxable income
0 – $18,200
$18,201 – $37,000
$37,001 – $80,000
$80,001 – $180,000
**$180,001 and over
Tax on this income*
Nil
19c for each $1 over $18,200
$3,572 plus 32.5c for each...
Read More
Recent posts
-
Tax time 2022: ATO focus areas
As a part of the Budget, the government has extended...Read more -
Personal super deductions: remember the notice
The end of financial year is fast approaching, and individuals...Read more -
What’s next on the agenda for the government
With the election campaign finally over and a new government...Read more