Tax Rates

Individuals

Individual basic income tax rates from 31st July 2024:

Income bracket                                             Tax rate

$0 - $15,600                                               10.5%

$15,601 - $53,500                                         17.5%

$53,501 - $78,100                                          30%

$78,101 - $180,000                                         33%

$180,001 + 39%

Companies

Company income tax rate for the 2011/12 and subsequent income years:

A flat rate of 28%.

Trusts

Tax rates for the 2024/25 and subsequent income years:

Trustee income and minor beneficiary income            39%