Australia rates and paperwork
Income year 1 July 2025 to 30 June 2026 (2025-26).
Figures as published by the Australian Taxation Office for 2025-26. Medicare levy surcharge and study loan repayments are not modelled.
Rates, allowances and thresholds
Income tax, residents
- Tax free threshold
- $0 to $18,200
- 16%
- $18,201 to $45,000
- 30%
- $45,001 to $135,000
- 37%
- $135,001 to $190,000
- 45%
- above $190,000
- Medicare levy
- 2% of taxable income
Income tax, other residency
- Foreign resident
- 30% to $135,000, then 37% and 45%, no tax free threshold
- Working holiday maker
- 15% to $45,000, then the resident-style upper rates
Superannuation
- Concessional contributions cap
- $30,000 a year
- Carry forward
- Unused cap from the last five years if your balance is under $500,000
- Non-concessional cap
- $120,000 a year, or $360,000 using the bring-forward rule
- Employer guarantee
- 12% of ordinary time earnings
- Government co-contribution
- Up to $500 for lower income earners
- Spouse contribution offset
- Up to $540
- Division 293
- Extra 15% where income plus contributions passes $250,000
Taxed at 15% inside super instead of your marginal rate
Capital gains and investments
- CGT discount
- 50% on assets held more than 12 months
- Main residence
- Generally exempt
- Capital losses
- Offset gains, carried forward indefinitely
- Franking credits
- Refundable, so low earners can get cash back on dividends
Business and property
- Company rate
- 25% for base rate entities, otherwise 30%
- GST registration
- Required at $75,000 turnover, $150,000 for not-for-profits
- Small business CGT concessions
- 15 year exemption, 50% active asset reduction, retirement and rollover concessions
- Instant asset write-off
- Check the current threshold before buying equipment
What you can deduct or claim
Personal super contributions
Claim a deduction after lodging a notice of intent with your fund.
Employees and the self-employed
Work related expenses
Tools, protective clothing, union fees, courses that relate to your current job, and 70c an hour for working at home.
Employees
Car and travel
88c a kilometre up to 5,000 km, or a logbook for higher claims.
Anyone travelling for work
Income protection insurance
Premiums are deductible outside super.
Everyone
Rental property costs
Interest, rates, insurance, agent fees, repairs, plus depreciation via a quantity surveyor's schedule.
Landlords
Prepaid expenses
Pay up to 12 months of deductible costs before 30 June to bring the deduction forward.
Everyone
Donations
Gifts over $2 to deductible gift recipients.
Everyone
Forms to file with the ATO
| Form | What it does | When | Who needs it | Official page |
|---|---|---|---|---|
| Individual tax return, myTax | Your annual return through myGov | By 31 October, or later through a registered tax agent | Everyone | ato.gov.au |
| Notice of intent to claim a deduction | Tells your super fund you will claim the contribution | Before you lodge, and before 30 June the following year | Anyone claiming personal super contributions | ato.gov.au |
| Rental property schedule | Income and deductions per property | With your return | Landlords | ato.gov.au |
| Business schedule | Sole trader income and expenses | With your return | Sole traders | ato.gov.au |
| Business activity statement | GST and PAYG instalments | Quarterly, usually 28 days after quarter end | GST registered businesses | ato.gov.au |
| TFN declaration | Give your employer your tax file number and claim the threshold | When you start a job | Employees | ato.gov.au |
| Company tax return | Company income and tax | Usually by 28 February for most companies | Companies | ato.gov.au |
Where each figure comes from
Every number above is stored with the official page it came from and the date we last checked it. Last checked 9/12/2026. See what has changed.
| Figure | Now | Tax year | Checked | Official source |
|---|---|---|---|---|
| Base rate entity company tax | 25% for base rate entities | 2025-26 | 9/10/2026 | ATO: Company tax rates |
| Capital gains discount | 50% off the gain when held over 12 months | 2025-26 | 9/10/2026 | ATO: CGT discount |
| Controlled foreign company attribution | Tainted income is attributed back to Australian owners | 2025-26 | 9/12/2026 | ATO: Foreign income of Australian businesses |
| Tax free threshold | $18,200 | 2025-26 | 9/10/2026 | ATO: Tax rates for Australian residents |
| First rate | 16% from $18,201 to $45,000 | 2025-26 | 9/10/2026 | ATO: Tax rates for Australian residents |
| Second rate | 30% from $45,001 to $135,000 | 2025-26 | 9/10/2026 | ATO: Tax rates for Australian residents |
| Third rate | 37% from $135,001 to $190,000 | 2025-26 | 9/10/2026 | ATO: Tax rates for Australian residents |
| Top rate | 45% above $190,000 | 2025-26 | 9/10/2026 | ATO: Tax rates for Australian residents |
| Medicare levy | 2% of taxable income | 2025-26 | 9/10/2026 | ATO: Medicare levy |
| Failure to lodge on time penalty | $330 per 28 days, up to $1,650 | 2025-26 | 9/12/2026 | ATO: Lodge your tax return |
| Non concessional super cap | $120,000 a year | 2025-26 | 9/10/2026 | ATO: Key superannuation rates and thresholds |
| Super guarantee rate | 12% of ordinary time earnings | 2025-26 | 9/10/2026 | ATO: Key superannuation rates and thresholds |
| Concessional super cap | $30,000 a year including employer contributions | 2025-26 | 9/10/2026 | ATO: Key superannuation rates and thresholds |
Not covered here
- HELP and other study loan repayments
- Medicare levy surcharge and private health rebate tiers
- State land tax, payroll tax and stamp duty
Tax year: 2025-26. Your year ends 30 June.
That is the date most of these steps have to be done by.
Three countries now, more as we grow
Today Taxmiser covers the United Kingdom, the United States and Australia in full, with real rates and real forms. We add a new country only once its figures are checked against the official tax office, so nothing here is a guess. Canada, Ireland, New Zealand and more are next in line as we grow.
Every US state taxes you differently
In the United States there are two bills, not one. Federal tax is the same wherever you live. State tax is not. Some states take nothing, some take a flat slice, some have their own bands and their own allowances. That is why we ask which state you are in, and why two people on the same pay can keep very different amounts.
See the state by state figures