ATO – What attracts our audit attention
To help you taxpayers get things right, you should consider the behaviours, characteristics and tax issues t
On 9 May 2016 the Australian Government assumed a caretaker role. The continuation of this measure will be a matter for the incoming government to decide.
In the 2016-17 Budget, the Government announced that the marginal tax rate of 37 per cent will now start at $87,000 instead of the current $80,000.
To benefit from this measure your taxable income must be more than $80,000. The maximum amount of tax you can save is $315.