Tax Rates for Australian Residents
Who is an Australian Resident for Tax Purposes?
Individuals who are either Australian citizens or permanent residents are considered Australian residents for tax purposes. Permanent residents are treated the same as Australian citizens and are subject to the same tax rates.
Australian Tax Year
The Australian tax year runs from July 1st to June 30th of the following year. Tax returns are due by October 31st.
Tax Rates
The tax rates for Australian residents are as follows:
- 0% on taxable income up to $18,200
- 19% on taxable income between $18,201 and $45,000
- 32.5% on taxable income between $45,001 and $120,000
- 37% on taxable income between $120,001 and $180,000
- 45% on taxable income over $180,000
Tax Domicile
Your domicile, or permanent home, is also a factor in determining your residency for tax purposes. If your domicile is in Australia, you will be classified as an Australian resident even if you are not physically present in Australia.
Temporary Resident Status
If you are a temporary resident of Australia, your residency status will end on the date on which you are granted permanent residency.
Need Help?
If you have any questions about your residency status or tax obligations, please contact the Australian Taxation Office.
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