ATO Tax Rates 2016-2017 Year (Non-Residents)
The 2016-17 fiscal year starts on 1 July 2016 and ends on 30 June 2017.
Non-resident Tax scale 2016-17
|Taxable income||Tax on this income (new scale)|
|$0 – $87,000||32.5c for each $1|
|$87,001 – $180,000||$28,275 + 37c for each $1 over $87,000|
|$180,001 and over||$62,685 + 47c * for each $1 over $180,000|
(*) Includes the Temporary Budget Repair Levy of 2% (see below)
Non-residents do not pay the Medicare Levy.
Temporary Budget Repair Levy on higher income earners
The Federal Budget 2014-15 contained a proposal for a Temporary Budget Repair Levy of 2% of taxable incomes in excess $180,000. This effectively increases the highest marginal tax rate in the table above from 45% to 47% and takes effect for 3 years from 1 July 2014 until 30 June 2017. The Levy legislation legislation became law on 25 June 2014.
New: Annual vacancy fees for foreign owners
In a 2017 budget measure, an annual vacancy fee for foreign owners of residential real estate is to be introduced where residential property is not occupied or genuinely available on the rental market for at least 6 months in a 12 month period.
The fee applies from 7:30PM (AEST) on 9 May 2017. The fee is that which was payable at the time of the foreign investment application.
Legislation has been approved by parliament. See Treasury Laws Amendment (Housing Tax Integrity) Bill 2017 and Foreign Acquisitions and Takeovers Fees Imposition Amendment (Vacancy Fees) Bill 2017
The Australian Tax Office is to administer the charge. See more here.
This page was last modified 2017-11-15