2007-08 Tax Rates - JH Business Services & Taxation - Bella Vista Norwest Business Park

2007/08 Tax Rates

Individual Tax Rates from 1 July 2008 –30 June 2009
Taxable income	Per cent
$0 - $6,000	Nil
$6,001 - $34,000	15%
$34,001 - $80,000	30%
$80,001 - $180,000	40%
>$180,001	45%
Individual Tax Rates from 1 July 2007 –30 June 2008
Taxable income	Per cent
$0 - $6,000	Nil
$6,001 - $30,000	15%
$30,001 - $75,000	30%
$75,001 - $150,000	40%
>$150,001	45%
Company Tax Rates	30%
Complying superannuation	15%
FBT	46.5%
SGC	9%
Superannuation contributions
Concessional contributions cap
Income year	Cap amount
2007/08	$50,000
Transitional arrangement – contributions by individuals aged 50 or more
Year	Concessional cont cap amount
2007/08	$100,000
2008/09	$100,000
2009/10	$100,000
2010/11	$100,000
2011/12	$100,000
2012/13	$50,000
Non-concessional contributions cap
2007/08	$150,000