Australian Tax Guide
2025–26 in plain English
A quick reference to Australian tax rates, deadlines and rules for the current financial year (1 July 2025 to 30 June 2026).
General information only. This is not personal tax advice. Rates and rules may change. Always talk to a Registered Tax Agent about your specific circumstances before acting.
Individual tax rates (Australian resident, 2025–26)
Excludes the 2% Medicare levy.
| Taxable income | Tax on this income | Cumulative tax |
|---|---|---|
| $0 – $18,200 | Nil | 0 |
| $18,201 – $45,000 | 16c per $1 over $18,200 | Up to $4,288 |
| $45,001 – $135,000 | $4,288 + 30c per $1 over $45,000 | Up to $31,288 |
| $135,001 – $190,000 | $31,288 + 37c per $1 over $135,000 | Up to $51,638 |
| $190,001 + | $51,638 + 45c per $1 over $190,000 | — |
Key lodgement deadlines
Individual tax return due (if lodging yourself)
Q1 BAS due (Jul–Sep) — quarterly lodgers
Q2 BAS due (Oct–Dec) — quarterly lodgers
Q3 BAS due (Jan–Mar) — quarterly lodgers
Q4 BAS due (Apr–Jun) — quarterly lodgers
Company/trust returns via a tax agent (most)
Super Guarantee Q4 payment due
GST & BAS essentials
GST at a glance
- • GST rate: 10%
- • Registration threshold: $75,000 turnover ($150,000 for not-for-profits)
- • Ride-share drivers must register from $1
- • Report on the BAS monthly ($20M+ turnover) or quarterly
PAYG & instalments
- • PAYG withholding on employee wages via STP Phase 2
- • PAYG instalments are ATO's pay-as-you-go on business income
- • Reported on the BAS (or IAS for withholding-only)
- • Variation possible if income drops significantly
Superannuation & Medicare
Super Guarantee (SG)
- • SG rate 2025–26: 11.5% (rising to 12% on 1 July 2025)
- • Concessional cap: $30,000 (2025–26)
- • Non-concessional cap: $120,000 (bring-forward $360k)
- • SG is payable quarterly — late payments lose deductibility
Medicare levy & MLS
- • Base Medicare levy: 2% of taxable income
- • Medicare Levy Surcharge: 1%–1.5% for higher earners without private hospital cover
- • Low-income exemptions apply
Small business concessions
Company tax rate
25% base rate for companies with turnover under $50M and ≤80% passive income. Otherwise 30%.
Instant asset write-off
$20,000 threshold for small businesses (turnover < $10M) — asset must be installed and ready by 30 June.
Small business CGT concessions
15-year exemption, 50% active asset reduction, retirement exemption, rollover — for businesses under $2M turnover or $6M net assets.