Tax Rates 2024/24 Australia. Most paper tax returns are processed within 50. Australia will also implement a 15 per cent domestic minimum tax that will apply to income years starting on or after 1 january 2024.

On 25 january 2024, the government announced changes to individual income tax rates and thresholds from 1 july 2024. On 25 january 2024 the government announced its decision to change the original stage three tax cuts for individuals from 1 july 2024.