If you are a non-resident for the full year, the following rates apply on your Australian sourced Income only: (NOT your off shore income) Non Residents Tax Rates 2009-2010
Taxable income Example | Approx Tax on this income (before deductions) | $0 – $35,000 | 29 % | $35,001 | $10,150 (30%) | $80,001 | $23,650 (29.6%) | $180,001 | $61,650 (34.3%) |
Non-residents are not required to pay the Medicare levy. Residents Tax Tax Rates 2009-2010Taxable income example | Approx Tax on this income (before write offs) | $1 – $6,000 | Nil | $6,001 | 15c for each $1 over $6,000 | $35,001 | $4,350 ( 12.4%) | $80,001 | $17,850 ( 22.3%) | $180,001 | $55,850 (31%) |
The above rates do not include the Medicare levy of 1.5% and are estimates based upon the latest Tax Rates. Tax offsets can also reduce the tax payable. Tax offsets based on taxable income levels apply to a range of circumstances, especially property writeoffs. All figures are for information purposes only, and are estimates based on the published Tax scales. Refer to your professional adviser for exact rates, and for your own personal situation. |