Vincents Chartered Accountants
MEDICARE LEVY & SURCHARGE

Individuals

The general rate is 1.5% of taxable income. Not applicable to non-residents.
A surcharge of 1% of taxable income and reportable fringe benefits may be
payable if a taxpayer, their spouse and dependants (if any) are not covered
by private health insurance providing at least basic hospital cover.

 

 

 

Last updated: July 2010

 

 

 

 

 

 

 

 

 

 



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Individuals - residents and non-residents
Company Tax Rates
State Taxes - transfer duty and payroll tax
Superannuation - withdrawals and contributions
Tax Offsets
Fringe Benefits Tax (FBT) Rates & thresholds
Medicare Levy & Surcharge
Private Company Loans - Division 7A
Motor vehicles - depreciation, expenses & FBT rates
Employment related - lump sum leave & ETPs
Capital allowances

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