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Following the 2018 Budget a number of adjustments to the personal tax rates were legislated, taking effect in the years from 1 July 2018 through to 1 July 2024. The legislation is here.
The 2026-27 fiscal year commences on 1 July 2026 and ends on 30 June 2027.
In January 2024, the government announced further changes to the tax scale for to take effect from 1 July 2024 and later years. The effect was to increase the overall tax compared to the previous position for incomes over $135,000.
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