Non-resident taxpayers
The personal income tax rates and thresholds that apply to non-residents’ Australian income will be adjusted as per the table below.
2012-13 and 2013-14 income years | |
Taxable income $ | Tax payable $ |
0 - 80,000 80,001 - 180,000 180,001+ | 32.5% 26,000 + 37% of excess over 80,000 63,000 + 45% of excess over $180,000 |
Capital gains tax discount
The 50% capital gains tax discount for non-residents will be abolished. This measure will apply from 8 May 2012.
All of the announcements made are subject to approval by the parliament.