The Personal Income Tax Rate in Australia stands at 45 percent. Australia Personal Income Tax Rate - data, historical chart, and calendar of releases - was last updated on February of 2020 from its official source.

Personal Income Tax Rate in Australia averaged 45.44 percent from 2003 until 2020, reaching an all time high of 47 percent in 2004 and a record low of 45 percent in 2007. This page provides - Australia Personal Income Tax Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Personal Income Tax Rate in Australia is expected to reach 45.00 percent by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Australia Personal Income Tax Rate is projected to trend around 45.00 percent in 2021, according to our econometric models.


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Australia Personal Income Tax Rate

Actual Previous Highest Lowest Dates Unit Frequency
45.00 45.00 47.00 45.00 2003 - 2020 percent Yearly


Australia Personal Income Tax Rate
In Australia, the Personal Income Tax Rate is a tax collected from individuals and is imposed on different sources of income like labour, pensions, interest and dividends. The benchmark we use refers to the Top Marginal Tax Rate for individuals. Revenues from the Personal Income Tax Rate are an important source of income for the government of Australia.