etlniwd

I must have spent about 2 hours searching the web for the Australian income tax rates for the 2002-2003 tax year but I cannot find them anywhere (not even on the governments own tax site !!!!). All I can find is last year's rates (2001-2002).

Could some kind soul please point me in the right direction.

Many fanx

Nick

Alan Collett

Nick,

There are no changes to the rates for 2002/03 compared with 2001/02. The Aussie Government doesn't increase the thresholds at which the different rates of tax take effect in the same way that the UK Government does in each year's Budget.

As such Australians experience what is called "bracket-creep" in which the average tax rate paid by the average Australian increases from one year to the next.

There were increases in the amounts of the tax credits available to qualifying taxpayers, but that's another issue ...

In case of need, the 2001/02 rates are here:
http://www.collettandco.co.uk/aussie_individuals.html

and on this page there's a link to some tax calculators you might find useful:
http://www.gomatilda.com/news/article.cfm?articleid=208

Hope this helps.




Alan Collett
alan-at-gomatilda-dot-com
Registered Migration Agent Number 0102534
and a Fellow of the Institute of Chartered Accountants in England and Wales
http://www.gomatilda.com and
http://www.collettandco.co.uk
Offices in Southampton, England and Melbourne, Australia

etlniwd

Thanks Alan. What a shocking bit of news. I suppose this high taxation thing is something I'm going to have to get used to.

I can't believe Australians stand for all this. There'd be a revolution if Gordon Brown (texture like sun) tried to pull a stunt like that on the UK public.