How much tax do you need to pay on your income from work in Australia and New Zealand? 3390
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On 14 May 2024, Treasurer Jim Chalmers announced the 2024-2025 Australian Federal Budget。The fiscal surplus of $9.3 billion this fiscal year is Australia's second consecutive fiscal surplus in more than 20 years。At the same time, according to the budget, Australia's treasurer said that fighting inflation and reducing the cost of living is the first priority。The Australian government's solution is tax cuts and subsidies。
For those of you who are considering studying in Australia and New Zealand, you are familiar with the high level of personal income tax in Australia. How much personal income tax does the Australian and New Zealand governments need to charge for individuals with different annual incomes?According to the policies announced by the governments of Australia and New Zealand in 2024-2025, the small edition of Rieter Abroad summarizes the following for everyone:
The National Party Government of New Zealand taxes personal income in the following table: