The proposed $1,000 instant tax deduction applies from 2026–27.
It is not yet law and does not apply to the 2024–25 income year.
For more information, see instant tax deduction.
On 13 April 2025, as part of Labor’s election commitments, … Read the rest
Both Labor and the Coalition are offering income tax relief after the 2025 Federal Election.
Tobacco taxes are expected to make up just 1% of the Australian total tax revenue in 2025/26.
The total duty expected to be received in 2025-26 is $7.1 billion.
The total duty received in 2022-23 was $12.7 billion.
The total duty received in 2019-20 was $16.3 … Read the rest
The Australian Tax Office is expanding its data matching program, and cracking down on the tax affairs of landlords.
Property management companies can now be required to transfer their records, for individual rental property owners, for each tax year period from 2018–19.
This data … Read the rest
The deadline to lodge a tax return in Australia is the 31st of October each year, if you are filing your own taxes and not using a registered tax agent.
If you are registered with a tax agent before the 31st of October, your tax … Read the rest
The Medicare levy surcharge (MLS) was introduced to encourage individuals to take out private hospital cover and reduce demand on the public Medicare system. This should free up Public Medical facilities and reduce waiting times.
The Medicare levy surcharge is in addition to the Medicare … Read the rest
The tax rates for Working Holiday Maker visa holders, for the year starting from 1 July 2024, are shown below.
They apply for visa subclasses 417, 462 and 408.
These visa holders do NOT have a tax free threshold.
Taxable Income and Tax Rates … Read the rest
Australians must lodge their Tax returns by 31 October 2023, or face a $313 fine if not done by that due date.
Those that are using a Tax Agent, and have been registered as such with the Tax Office, do NOT have that 31 … Read the rest
In 2019, 11.0% of Australians smoked tobacco daily, down from 24% in 1991.
Between 1980 and 2009, the prevalence of current smoking decreased from 32.8% to 15.5% for men and from 32.7% to 12.2% for women.
In 1945 it was about 50% averaged over both … Read the rest
The following employment income deduction percentages include the Income Tax and combined employee/employer Social Security contributions.
Tax Wedge in 2021.
Tax Wedge in 2000.
