| TAX RATES FOR 2009
Below are some tables that outline a selection of updated tax rates for the 2009 and 2010 financial years.
| Individual Tax rates 2008-09 |
|
| Taxable income |
Tax on this income |
| $1 – $6,000 |
Nil |
| $6,001 – $34,000 |
15c for each $1 over $6,000 |
| $34,001 – $80,000 |
$4,200 plus 30c for each $1 over $34,000 |
| $80,001 – $180,000 |
$18,000 plus 40c for each $1 over $80,000 |
| $180,001 and over |
$58,000 plus 45c for each $1 over $180,000 |
| |
|
| Individual Tax rates 2009-10 |
|
| Taxable income |
Tax on this income |
| $1 – $6,000 |
Nil |
| $6,001 – $34,000 |
15c for each $1 over $6,000 |
| $34,001 – $80,000 |
$4,350 plus 30c for each $1 over $35,000 |
| $80,001 – $180,000 |
$17,850 plus 38c for each $1 over $80,000 |
| $180,001 and over |
$58,850 plus 45c for each $1 over $180,000 |
| |
|
| The above rates do not include the Medicare levy of 1.5%. |
| Fuel tax credits – what you can claim in cents per litre |
| Activity/business use |
Eligible fuel |
From
1 Jan
2009 |
From
1 July
2009 |
| In a vehicle greater than 4.5 tonne GVM travelling on a public road (diesel vehicles acquired before 1 July 2006 can equal 4.5 tonne GVM). |
All taxable fuels – for example, diesel and petrol. |
17.143* |
16.443* |
| Emergency vehicles greater than 4.5 tonne GVM travelling on a public road (diesel vehicles acquired before 1 July 2006 can equal 4.5 tonne GVM). |
All taxable fuels – for example, diesel and petrol. |
17.143* |
16.443* |
| Specified activities eligible since 1 July 2006 in: agriculture, fishing, forestry, mining, marine, transport rail transport, and nursing and medical. |
All taxable fuels for example diesel, petrol and fuel oil. Note: petrol eligible for fuel acquired from 1 July 2008 |
38.143 |
38.143 |
| All other activities, machinery, plant and equipment are eligible for fuel acquired from 1 July 2008. Examples of activities are: construction manufacturing, wholesale/retail, property management, and landscaping. |
All taxable fuels – for example, diesel and petrol. |
19.0715** |
19.0715 |
| Division 7A - benchmark interest rates |
Year of income
Ended 30 June… |
% |
2009 |
9.45 |
| Rates per business kilometre – motor vehicles |
| Engine capacity |
|
Cents per kilometre |
| Ordinary car |
Rotary engine car |
2008-09 income year |
| 1600cc (1.6 litre) or less |
800cc (0.8 litre) or less |
63 cents |
1601cc - 2600cc
(1.601 litre - 2.6 litre) |
801cc - 1300cc
(0.801 litre - 1.3 litre) |
74 cents |
| 2601cc (2.601 litre) and over |
1301cc (1.301 litre) and over |
75 cents |
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