Australian Resident Tax Rates 2021/22 Financial Year
| Taxable income | Tax on this income |
| 0 – $18,200 | Nil ($0) Tax |
| $18,201 – $45,000 | 19 cents for each $1 over $18,200 |
| $45,001 – $120,000 | $5,092 plus 32.5 cents for each $1 over $45,000 |
| $120,001 – $180,000 | $29,467 plus 37 cents for each $1 over $120,000 |
| $180,001 and over | $51,667 plus 45 cents for each $1 over $180,000 |
Who is considered a resident for tax purposes.
Generally, the ATO considers an individual to be an Australian resident for tax purposes if they:
- have always lived in Australia or you have come to Australia and live here permanently
- have been in Australia continuously for six months or more, and for most of that time you worked in the one job and lived at the same place
- have been in Australia for more than six months of the year, unless your usual home is overseas and you do not intend to live in Australia
- go overseas temporarily and you do not set up a permanent home in another country
- are an overseas student who has come to Australia to study and are enrolled in a course that is more than six months long.
There are four statutory tests to determine your residency:
- Resides test
- Domicile test
- 183-day test
- The commonwealth superannuation test.
For further information, please contact us & we’ll be happy to answer any question you may have on the topic.