Original Published Date:
- Statement of formula / rates and thresholds
The PAYG withholding formulas have been updated to reflect the following changes:
- removal of the temporary budget repair levy
- increase in the Medicare levy low-income threshold
- annual indexation of HELP/SSL/TSL and SFSS repayment thresholds.
Updated tax tables will be published on ato.gov.au/taxtables from mid-June.
Reason for Amendment:
Updated 17 May 2017:
NAT 1004 has been updated to remove four rows that contained irrelevant data. Rows 42-45 have been deleted from the ‘Statement of Formula – CSV’ sheet.