On 1 January each year, the Department of Human Services (DHS) Protected Earnings Amount (PEA) is adjusted to allow for increases in the cost of living. The PEA is a set minimum amount that must be...
Statement of formula rates and thresholds
Medicare levy surcharge (MLS) amounts and thresholds to be updated as per the tables in the ‘Resource Attachments’ file.
Find out more:
Income thresholds and rates for the Medicare...
Current from: 20 Sep 2018
The cents per kilometre deduction rate for motor vehicle expenses is 68 cents per kilometre, for the income year commencing 1 July 2018.
This rate applies to all eligible taxpayers who elect to use...
Current from: 19 Jul 2018
The formulas for higher education loan repayments and NAT 3539 output file, which includes tabs containing tables for the HELP and SFSS rates, that apply from 1 July 2018 are provided below. The...
Current from: 29 Jun 2018
Legislation for the Federal Budget tax cuts has been passed by Parliament. Updated schedules and tax tables that apply from 1 July 2018 have been published at ato.gov.au/tax tables
We have also...
Current from: 29 Jun 2018
These Determinations set out the amounts that the Commissioner considers are reasonable (reasonable amounts) for the substantiation exception in Subdivision 900-B of the Income Tax Assessment Act...
Current from: 6 Jun 2018
The attached spreadsheet provides 2018-19 indexation of rebates as per section 159HA of the Income Tax Assessment Act 1936 and Subdivision 960-M of the Income Tax Assessment Act 1997.
There are no...
Current from: 29 May 2018
Seniors and pensioners tax offset (SAPTO) lodgment thresholds 2017-18.
There are no changes required for 2017-18 – section 3 of the Income Tax Rates Act 1986 and schedule 7 of the Income Tax...
Current from: 28 May 2018
The following links are to the Tax Determinations in relation to the Fringe benefits tax (FBT) rates from 1 April 2018.
Current from: 28 May 2018
The Item A3 calculator allows users to calculate the correct amounts for the A3 labels on the individual tax return. This will ensure they receive the correct amount of government super co-...
Current from: 22 Feb 2017