Income Tax Rates Amendment (Working Holiday Maker Reform) Act (No. 2) 2016 (92 of 2016)
Schedule 1 Amendments
Part 1 Amendments
Income Tax Rates Act 1986
7 At the end of Schedule 7
Add:
Part III - Working holiday makers
1. The rates of tax on a taxpayer's working holiday taxable income for a year of income are as set out in the following table.
|
Tax rates for working holiday makers |
||
|---|---|---|
|
Item |
For the part of the taxpayer's working holiday taxable income that: |
The rate is: |
|
1 |
does not exceed $37,000 |
15% |
|
2 |
exceeds $37,000 but does not exceed $87,000 |
32.5% |
|
3 |
exceeds $87,000 but does not exceed $180,000 |
37% |
|
4 |
exceeds $180,000 |
45% |