Federal Budget 2025-26
Personal Tax Rates The Government will deliver more tax cuts to all Australian taxpayers, with additional tax cuts in 2026 and 2027. From 1 July 2026, the 16 per cent tax rate, which applies to taxable income between $18,201-$45,000 will reduce to 15%.From July 2027 this rate will be reduced further to 14 per cent. The tax saving from the tax cuts represents a maximum of $268 in th...