Resident Tax Rates 2011-12

Resident tax rates for the tax year ended 30 June 2012 are as follows:

In addition, resident taxpayers typically have to pay the Medicare levy of 1.5%.  In some cases, a Medicare levy or exemption may apply.  A flood levy applies to some taxpayers for 2012.  Ask a Majenda tax adviser for more information.

Non-resident Tax Rates 2011-12

Non-resident tax rates for the tax year ended 30 June 2012 are as follows:

Non-residents are not required to pay the Medicare levy.  Special rules apply to determining the Taxable Income of a non resident.  For example interest income is subject to a 10% withholding tax and does not form part of Taxable Income.  For more information about how much tax you are required to pay, please contact a Majenda tax adviser.