Useful
CURRENT TAX RATES 2017/18
| Taxable income | Tax on taxable income |
|---|---|
| 0 - $18,200 | Nil |
| $18,201 - $37,000 | 19c for each $1 over $18,200 |
| $37,001 - $87,000 | $3,572 plus 32.5c for each $1 over $37,000 |
| $87,001 - $180,000 | $19,822 plus 37c for each $1 over $87,000 |
| $180,001 and over | $54,232 plus 45c for each $1 over $180,000 |
USEFUL WEBSITES
Australian Taxation Office https://www.ato.gov.au/
Simple Tax Calculator https://www.ato.gov.au/Calculators-and-tools/Host/?anchor=STC&anchor=STC#STC/questions
Tax Withheld Calculator https://www.ato.gov.au/Calculators-and-tools/Host/?anchor=TWC&anchor=TWC#TWC/questions
IMPORTANT DATES
| Date | Obligation |
|---|---|
| 28 February 2018 |
Lodge and pay October to December 2017 activity statement. |
| 21 March 2018 | Lodge and pay February 2018 monthly activity statement. |
| 21 April 2018 | Lodge and pay March 2018 monthly activity statement. |
| 28 April 2018 |
Lodge and pay January to March 2018 activity statement (paper lodgment only). |
| 15 May 2018 | Lodge 2017 tax returns for individuals and entities who did not have an earlier lodgment date. Payment due for companies and super funds if required. |
| 21 May 2018 | Lodge and pay April 2018 monthly activity statement. |
| 26 May 2018 | Lodge and pay January to March 2018 activity statement (electronic lodgment only). |
| 28 May 2018 | Pay fringe benefits tax annual return. |
| 5 June 2018 | Lodge tax returns for entities with a due date of 15 May 2018 who were non-taxable or received a credit assessment in both the latest year lodged and the current year. Lodge tax returns for individuals and trusts with a due date of 15 May 2018 provided they pay any liability due by this date. |
| 21 June 2018 | Lodge and pay May 2018 monthly activity statement. |
| 30 June 2018 | Super guarantee contributions must be paid by this date to qualify for a tax deduction in the 2017/18 financial year. |