Tax Rates 2024-25 Australia. Government fact sheet 228.87 kb. Last updated 28 september 2023.
On 25 january 2024, the government announced changes to individual income tax rates and thresholds from 1 july 2024. The financial year for tax purposes for individuals starts on 1st july and ends on 30 june of the following year.
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These changes are now law.
Last Updated 28 September 2023.
What were they going to be?
The Australian Prime Ministerโs Office Jan.
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On 25 January 2024, The Government Announced Changes To Individual Income Tax Rates And Thresholds From 1 July 2024.
Government fact sheet 228.87 kb.
A Cut In The 32.5% Rate To 30% For Incomes Between $45,000 And $135,000.
These changes are now law.
Medicare Levy Of 2% Applies (Not Applicable To Low Income Earners).
