Marginal Tax Rates 2024 Ato. Use these tax rates if you are an individual and were a foreign resident for tax purposes for the full year. Reduce the 19 per cent tax rate to 16 per cent, and;

On 25 january 2024, the government announced changes to individual income tax rates and thresholds from 1 july 2024. Use these tax rates if you are an individual and were a foreign resident for tax purposes for the full year.