Shire Tax Returns
Tax rates 2016-17

Tax rates 2016–17

The following rates for 2016–17 apply from 1 July 2016.

Taxable income

Tax on this income

0 – $18,200

         Nil

$18,201 – $37,000

         19c for each $1 over $18,200

$37,001 – $80,000

         $3,572 plus 32.5c for each $1 over $37,000

$80,001 – $180,000

         $17,547 plus 37c for each $1 over $80,000

$180,001 and over

         $54,547 plus 45c for each $1 over $180,000

The above rates do not include the:

  • Medicare levy of 2%
  • Temporary Budget Repair Levy; this levy is payable at a rate of 2% for taxable incomes over $180,000.
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