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Australia Individual Income Tax Change for 2016-2017

|Approved Changes|Australia
Australia

The Australian Taxation Office has updated the individual income tax rate brackets for the 2016-2017 tax year beginning 1 July 2016. The only change is an increase in the threshold for the 37% marginal rate from AUD 80,000 to AUD 87,000. The increase applies for both resident and non-resident individual taxpayers.

Click the following link for the Individual income tax rates page.

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