2005/06 Tax Rates
Individual Tax Rates from 1 July 2006 –30 June 2007
Taxable income Per cent
$0 - $6,000 Nil
$6,001 - $25,000 15%
$25,001 - $75,000 30%
$75,001 - $150,000 40%
>$150,001 45%
Individual Tax Rates from 1 July 2005 –30 June 2006
Taxable income Per cent
$0 - $6,000 Nil
$6,001 - $21,600 15%
$21,601 - $63,000 30%
$63,001 - $95,000 42%
> $95,001 47%
Company Tax Rates 30%
Complying superannuation 15%
FBT 48.5%
SGC 9%
Superannuation contributions
Superannuation contributions – self-employed
$0 to $5,000 Full deduction
$5,001+ $5,000 + 75% of excess over $5,000
Age-based limit
Under 35 $14,603
35 to 49 $40,560
50 and over $100,587



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JH Business Services & Taxation
Accounting | Business Advisory | Tax Services
Specialist in small to medium business 
& personal tax services


Norwest Office


 Suite 205
29-31 Lexington Drive
Bella Vista
NSW 2153

 

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