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Tax in Australia

Your personal tax guide for Australia

The content in this tax guide is provided by EY.

Going to or leaving Australia

Local tax information for Australia

Local information Details
Tax authority Australian Taxation Office (ATO)
Website www.ato.gov.au
Tax year 1 July to 30 June
Tax return due date 31 October
Is joint filing possible No

Are tax return extensions possible

Extensions may be available if the return is filed by a registered tax agent

Local tax information for Australia

Local information Tax authority
Details Australian Taxation Office (ATO)
Local information Website
Details www.ato.gov.au
Local information Tax year
Details 1 July to 30 June
Local information Tax return due date
Details 31 October
Local information Is joint filing possible
Details No
Local information

Are tax return extensions possible

Details Extensions may be available if the return is filed by a registered tax agent

2020/21 income tax rates for residents

2020/21 Taxable income bands for residents.

Taxable income band AUD National income tax rates
0 to 18,200 Nil
18,201 to 37,000 19%
37,001 to 90,000 32.5%
90,001 to 180,000 37%
180,001 + 45%

2020/21 Taxable income bands for residents.

Taxable income band AUD 0 to 18,200
National income tax rates Nil
Taxable income band AUD 18,201 to 37,000
National income tax rates 19%
Taxable income band AUD 37,001 to 90,000
National income tax rates 32.5%
Taxable income band AUD 90,001 to 180,000
National income tax rates 37%
Taxable income band AUD 180,001 +
National income tax rates 45%

The AUD18,200 tax-free threshold is reduced if you spend fewer than 12 months in Australia in the year of arrival or departure. Resident taxpayers may be liable for the 2% Medicare Levy as well as income tax at the above rates.

Income tax for the 2020-21 tax year is levied on non-residents at the following rates:

2020/21 Taxable income bands for non-residents.

Taxable income band AUD National income tax rates
0 to 90,000 32.5%
90,001 to 180,000 37%
180,001+ 45%

2020/21 Taxable income bands for non-residents.

Taxable income band AUD 0 to 90,000
National income tax rates 32.5%
Taxable income band AUD 90,001 to 180,000
National income tax rates 37%
Taxable income band AUD 180,001+
National income tax rates 45%

Non-residents aren't liable for the Medicare Levy.

Resident and non-resident taxpayers with taxable income and superannuation contributions of more than AUD250,000 per year may be liable to the Division 293 tax. This is an additional tax on superannuation contributions whereby an individual’s income is added to certain superannuation contributions and compared to the Division 293 threshold. Division 293 tax is payable on the excess over the threshold, or on the super contributions, whichever is less. The rate of the Division 293 tax is 15% and can be paid by you or deducted from your superannuation contributions, at your choice.

Expat tax guides

Read tax guides for expats provided by EY.

Additional information

The Tax Navigator section is provided by EY in accordance with their Terms and Conditions (PDF). EY accepts no responsibility for the accuracy of this information. By using this information, you are accepting the terms under which EY is making the content available to you based on the legislation and practices of the country concerned as of 15/09/21 by EY and published in its Worldwide Personal Tax Guide, 2020-21.

Tax legislation and administrative practices may change, and this content is a summary of potential issues to consider. This content is provided for guidance purposes only; it is not meant for direct implementation of transactions or reliance upon when considering entering into transactions. It should not be used as a substitute for professional tax, legal, financial, accounting, consulting, regulatory or other professional advice and you should seek professional advice before taking any action. It is your responsibility to ensure you make all relevant disclosures to the relevant tax authorities and that you are compliant with local tax legislation. EY accepts no responsibility for any loss arising from any action taken or not taken by anyone using this material.

HSBC accepts no responsibility for the accuracy of this information.

This information does not constitute advice and no liability is accepted to recipients acting independently on its contents. The views expressed are subject to change.

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