Ato Income Tax Rates 2024/25 . Use the income tax estimator to work out your tax refund or debt estimate. Changes to the individual income tax rates and thresholds from 1 july 2024 are proposed to be as follows:
In addition, foreign residents do not pay the medicare levy or receive the low income tax offset (lito). Reduce the 32.5 per cent tax rate to 30.
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Tax Rates 2024 Ato Reeba Catlaina , On 25 january 2024, the government announced changes to individual income tax rates and thresholds from 1 july 2024.