Saturday, June 19th, 2010
New Tax Year – New Tax Rates
With the new tax year commencing on 1 July 2010, new income tax rate scales will apply, slightly reducing the income tax rates for the 2011 tax year. The scales are outlined below:
With the new tax year commencing on 1 July 2010, new income tax rate scales will apply, slightly reducing the income tax rates for the 2011 tax year. The scales are outlined below:
The recent Federal Budget made no changes to the previously announced personal tax rate scales. As a reminder, we have listed the income tax rates to apply from 1 July 2009 below, as well as the change to the income that can be earned by minors (under age 18). (more…)