The resident individual tax scales are unchanged from last year, as follows:
Resident tax rates 2022-23 | |
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 | $51,667 plus 45 cents for each $1 over $180,000 |
* The above rates do not include the Medicare levy of 2%.