Please note these are subject to change and you should refer to ATO before relying on these figures.
Tax rates 2016–17
| Taxable income | Tax on this income |
|---|---|
| 0 – $18,200 | Nil |
| $18,201 – $37,000 | 19c for each $1 over $18,200 |
| $37,001 – $80,000 | $3,572 plus 32.5c for each $1 over $37,000 |
| $80,001 – $180,000 | $17,547 plus 37c for each $1 over $80,000 |
| $180,001 and over | $54,547 plus 45c for each $1 over $180,000 |
The above rates do not include the:
- Medicare levy of 2%
- Temporary Budget Repair Levy; this levy is payable at a rate of 2% for taxable incomes over $180,000.
*** In May Budget 2016 it was announced that these rates would be lowered, however as at 1-7-2016 this legislation had not passed parliament.
[/tab] [tab title="Overnight Travel"]
Overnight Travel Allowance 2016 - 2017 (Extract from ATO)
TD 2016/13 Income tax: what are the reasonable travel and overtime meal allowance expense amounts for the 2016-17 income year?
Download pdf version here - 2016-2017 Reasonable Overnight Travel Allowance
Reasonable amount for overtime meal allowance expense
For the 2016-17 income year the reasonable amount for overtime meal allowance expenses is $29.40
Reasonable amounts for domestic travel allowance expenses
Reasonable amounts for 2016-17
11. The reasonable amounts for daily travel allowance expenses, according to salary levels and destinations, for the 2016-17 income year are shown in Tables 1 to 6 as follows.
| Place | Accomm. $ |
Food and drink $ B'fast 26.45 Lunch 29.75 Dinner 50.70 |
Incidentals $ |
Total $ |
| Adelaide | 157 | 106.90 | 19.05 | 282.95 |
| Brisbane | 205 | 106.90 | 19.05 | 330.95 |
| Canberra | 168 | 106.90 | 19.05 | 293.95 |
| Darwin | 216 | 106.90 | 19.05 | 341.95 |
| Hobart | 132 | 106.90 | 19.05 | 257.95 |
| Melbourne | 173 | 106.90 | 19.05 | 298.95 |
| Perth | 203 | 106.90 | 19.05 | 328.95 |
| Sydney | 185 | 106.90 | 19.05 | 310.95 |
| High cost country centres | See Table 4 | 106.90 | 19.05 | Variable - see Table 4 |
| Tier 2 country centres (see Table 5) | 132 | B'fast 23.70 Lunch 27.05 Dinner 46.65 |
19.05 | 248.45 |
| Other country centres | 110 | B'fast 23.70 Lunch 27.05 Dinner 46.65 |
19.05 | 226.45 |
| Place | Accomm. $ |
Food and drink $ B'fast 28.80 Lunch 40.75 Dinner 57.05 |
Incidentals $ |
Total $ |
| Adelaide | 208 | 126.60 | 27.25 | 361.85 |
| Brisbane | 257 | 126.60 | 27.25 | 410.85 |
| Canberra | 223 | 126.60 | 27.25 | 376.85 |
| Darwin | 287 | 126.60 | 27.25 | 440.85 |
| Hobart | 176 | 126.60 | 27.25 | 329.85 |
| Melbourne | 228 | 126.60 | 27.25 | 381.85 |
| Perth | 245 | 126.60 | 27.25 | 398.85 |
| Sydney | 246 | 126.60 | 27.25 | 399.85 |
| High cost country centres | See Table 4 | 126.60 | 27.25 | Variable - see Table 4 |
| Tier 2 country centres (see Table 5) | 152 | B'fast 26.45 Lunch 27.05 Dinner 52.70 |
27.25 | 285.45 |
| Other country centres | 134 | B'fast 26.45 Lunch 27.05 Dinner 52.70 |
27.25 | 267.45 |
| Place | Accomm. $ |
Food and drink $ B'fast 34.00 Lunch 48.00 Dinner 67.30 |
Incidentals $ |
Total $ |
| Adelaide | 209 | 149.30 | 27.25 | 385.55 |
| Brisbane | 257 | 149.30 | 27.25 | 433.55 |
| Canberra | 246 | 149.30 | 27.25 | 422.55 |
| Darwin | 287 | 149.30 | 27.25 | 463.55 |
| Hobart | 195 | 149.30 | 27.25 | 371.55 |
| Melbourne | 265 | 149.30 | 27.25 | 441.55 |
| Perth | 265 | 149.30 | 27.25 | 441.55 |
| Sydney | 265 | 149.30 | 27.25 | 441.55 |
| Country centres | $195, or the relevant amount in Table 4 if higher | 149.30 | 27.25 | Variable - see Table 4 if applicable |
| Country centre | $ | Country centre | $ |
| Albany (WA) | 179 | Jabiru (NT) | 200 |
| Alice Springs (NT) | 150 | Kalgoorlie (WA) | 159 |
| Bordertown (SA) | 135 | Karratha (WA) | 300 |
| Bourke (NSW) | 165 | Katherine (NT) | 134 |
| Bright (VIC) | 152 | Kingaroy (QLD) | 134 |
| Broome (WA) | 260 | Kununurra (WA) | 202 |
| Bunbury (WA) | 155 | Mackay (QLD) | 161 |
| Burnie (TAS) | 160 | Maitland (NSW) | 152 |
| Cairns (QLD) | 153 | Mount Isa (QLD) | 160 |
| Carnarvon (WA) | 151 | Mudgee (NSW) | 135 |
| Castlemaine (VIC) | 146 | Newcastle (NSW) | 165 |
| Chinchilla (QLD) | 143 | Newman (WA) | 195 |
| Christmas Island (WA) | 180 | Norfolk Island (NSW) | 329 |
| Cocos (Keeling) Islands (WA) | 285 | Northam (WA) | 163 |
| Colac (VIC) | 138 | Orange (NSW) | 155 |
| Dalby (QLD) | 150 | Port Hedland (WA) | 260 |
| Dampier (WA) | 175 | Port Lincoln (SA) | 170 |
| Derby (WA) | 190 | Port Macquarie (NSW) | 140 |
| Devonport (TAS) | 145 | Port Pirie (SA) | 150 |
| Emerald (QLD) | 156 | Roma (QLD) | 139 |
| Esperance (WA) | 141 | Thursday Island (QLD) | 200 |
| Exmouth (WA) | 255 | Townsville (QLD) | 143 |
| Geraldton (WA) | 175 | Wagga Wagga (NSW) | 144 |
| Gladstone (QLD) | 187 | Weipa (QLD) | 138 |
| Gold Coast (QLD) | 200 | Whyalla (SA) | 163 |
| Gosford (NSW) | 140 | Wilpena-Pound (SA) | 167 |
| Halls Creek (WA) | 199 | Wollongong (NSW) | 136 |
| Hervey Bay (QLD) | 157 | Wonthaggi (VIC) | 138 |
| Horn Island (QLD) | 200 | Yulara (NT) | 300 |
| Country centre | Country centre |
| Albury (NSW) | Kadina (SA) |
| Ararat (VIC) | Launceston (TAS) |
| Armidale (NSW) | Lismore (NSW) |
| Ayr (QLD) | Mildura (VIC) |
| Bairnsdale (VIC) | Mount Gambier (SA) |
| Ballarat (VIC) | Muswellbrook (NSW) |
| Bathurst (NSW) | Naracoorte (SA) |
| Bega (NSW) | Nowra (NSW) |
| Benalla (VIC) | Port Augusta (SA) |
| Bendigo (VIC) | Portland (VIC) |
| Broken Hill (NSW) | Queanbeyan (NSW) |
| Bundaberg (QLD) | Queenstown (TAS) |
| Ceduna (SA) | Renmark (SA) |
| Charters Towers (QLD) | Rockhampton (QLD) |
| Coffs Harbour (NSW) | Sale (VIC) |
| Cooma (NSW) | Seymour (VIC) |
| Dubbo (NSW) | Shepparton (VIC) |
| Echuca (VIC) | Swan Hill (VIC) |
| Geelong (VIC) | Tamworth (NSW) |
| Goulburn (NSW) | Tennant Creek (NT) |
| Griffith (NSW) | Toowoomba (QLD) |
| Gunnedah (NSW) | Tumut (NSW) |
| Hamilton (VIC) | Wangaratta (VIC) |
| Horsham (VIC) | Warrnambool (VIC) |
| Innisfail (QLD) | Wodonga (VIC) |
Reasonable travel allowance expense claims for employee truck drivers
12. Amounts claimed up to the food and drink component only of the reasonable domestic daily travel allowance amounts for 'other country centres' are considered to be reasonable for meal expenses of employee truck drivers who have received a travel allowance and who are required to sleep away from home. For the 2016-17 income year, the relevant amounts are:
| Food and drink | ||
| B'fast $23.70 |
Lunch $27.05 |
Dinner $46.65 |
| $97.40 per day | ||
Office holders covered by the Remuneration Tribunal
13. Daily domestic travel allowance expense claims made by office holders covered by the Remuneration Tribunal are considered to be reasonable amounts if they do not exceed the rate of allowances set by the Remuneration Tribunal for that office holder.
Federal Members of Parliament
14. The travel allowances paid to Federal Members of Parliament and Federal Parliamentary Secretaries, under the arrangements that commenced on 14 April 1998, are considered reasonable amounts for the recipients of those allowances. This includes the Capital City and Canberra travel allowance rates for domestic travel, having regard to the circumstances under which those allowances are paid.
Reasonable amounts for overseas travel allowance expenses
15. The reasonable amounts for overseas travel expenses are shown in Schedule 1 to this Determination. Table 1 of Schedule 1 sets out the cost group to which a country has been allocated. Table 2 of Schedule 1 sets out the reasonable amount for meal expenses and incidental travel expenses for each cost group for specified employee salary ranges.
16. If the employee travels to a country that is not shown in Table 1 of Schedule 1 the employee can use the reasonable amount for Cost Group 1 in Table 2 for the relevant salary range.
17. Employees travelling to two or more countries in the same day may use the cost group of the country that is in the higher cost group in determining their reasonable allowances amount.
Example - calculation of reasonable daily overseas travel expense amounts
18. An employee travels to China on business for two weeks and is paid a travel allowance of $350 per day ($150 for meals and incidentals and $200 for accommodation). The employee's annual salary is $91,000. The reasonable daily overseas travel allowance expense claim is calculated as follows:
- ·
- Â Schedule 1 Table 1 lists China as Cost Group 5.
- ·
- Â Using Table 2, at a salary of $91,000 per year, the reasonable overseas travel allowance amount for meals and incidental expenses for Cost Group 5 (which covers China) is $240.
19. The employee claims a deduction for meals and incidental expenses actually incurred of $190 per day. As the employee is claiming a deduction that is less than the reasonable amount of $240 per day, the employee does not need to keep written evidence to substantiate expenditure on meals and incidental expenses. The employee is required, however, to maintain a travel record and to keep receipts or other documentary evidence to substantiate accommodation expenses.
Date of effect
20. This Determination applies to the 2016-17 income year only. However, the Determination will not apply to taxpayers to the extent that it conflicts with the terms of settlement of a dispute agreed to before the date of issue of the Determination (see paragraphs 75 to 76 of Taxation Ruling TR 2006/10).
Commissioner of Taxation
1 July 2016
Appendix 1
SCHEDULE 1
21. If a country is not listed in Table 1 use the reasonable amount in Table 2 for Cost Group 1.
For cost groups see Table 2: Reasonable amounts by cost groups.
Table 1: Table of Countries
| Country | Cost Group | Country | Cost Group |
|---|---|---|---|
| Albania | 2 | Czech Republic | 3 |
| Algeria | 3 | Denmark | 6 |
| Angola | 6 | Dominican Republic | 4 |
| Antigua and Barbuda | 5 | East Timor | 3 |
| Argentina | 2 | Ecuador | 4 |
| Armenia | 3 | Egypt | 3 |
| Austria | 5 | El Salvador | 3 |
| Azerbaijan | 3 | Eritrea | 3 |
| Bahamas | 6 | Estonia | 3 |
| Bahrain | 5 | Ethiopia | 3 |
| Bangladesh | 4 | Fiji | 3 |
| Barbados | 5 | Finland | 5 |
| Belarus | 2 | France | 5 |
| Belgium | 5 | Gabon | 6 |
| Bermuda | 6 | Gambia | 2 |
| Bolivia | 2 | Georgia | 3 |
| Bosnia | 2 | Germany | 5 |
| Brazil | 3 | Ghana | 4 |
| Brunei | 2 | Gibraltar | 3 |
| Bulgaria | 3 | Greece | 4 |
| Burkina Faso | 3 | Guatemala | 3 |
| Cambodia | 3 | Guyana | 3 |
| Cameroon | 4 | Hungary | 3 |
| Canada | 5 | Iceland | 5 |
| Chile | 3 | India | 3 |
| China (includes Macau & Hong Kong) | 5 | Indonesia | 3 |
| Colombia | 3 | Iran | 3 |
| Congo Democratic Republic | 5 | Ireland | 5 |
| Cook Islands | 4 | Israel | 5 |
| Costa Rica | 3 | Italy | 5 |
| Cote D'Ivoire | 5 | Jamaica | 4 |
| Croatia | 3 | Japan | 6 |
| Cuba | 3 | Jordan | 5 |
| Cyprus | 4 | Kazakhstan | 2 |
| Country | Cost Group | Country | Cost Group |
|---|---|---|---|
| Kenya | 4 | Qatar | 5 |
| Korea Republic | 5 | Romania | 3 |
| Kosovo | 2 | Russia | 5 |
| Kuwait | 5 | Rwanda | 3 |
| Kyrgyzstan | 2 | Saint Lucia | 4 |
| Laos | 2 | Saint Vincent | 3 |
| Latvia | 4 | Samoa | 5 |
| Lebanon | 5 | Saudi Arabia | 4 |
| Lithuania | 3 | Senegal | 4 |
| Luxembourg | 5 | Serbia | 2 |
| Macedonia | 2 | Sierra Leone | 3 |
| Malawi | 2 | Singapore | 5 |
| Malaysia | 3 | Slovakia | 4 |
| Mali | 4 | Slovenia | 3 |
| Malta | 3 | Solomon Islands | 4 |
| Mauritius | 3 | South Africa | 2 |
| Mexico | 3 | Spain | 5 |
| Monaco | 6 | Sri Lanka | 3 |
| Morocco | 3 | Sudan | 3 |
| Mozambique | 3 | Surinam | 2 |
| Myanmar | 3 | Sweden | 5 |
| Namibia | 2 | Switzerland | 6 |
| Nepal | 2 | Taiwan | 4 |
| Netherlands | 5 | Tanzania | 3 |
| New Caledonia | 5 | Thailand | 4 |
| New Zealand | 4 | Tonga | 3 |
| Nicaragua | 3 | Trinidad and Tobago | 5 |
| Nigeria | 6 | Tunisia | 3 |
| Norway | 6 | Turkey | 3 |
| Oman | 5 | Uganda | 3 |
| Pakistan | 2 | Ukraine | 2 |
| Panama | 3 | United Arab Emirates | 5 |
| Papua New Guinea | 4 | United Kingdom | 5 |
| Paraguay | 2 | United States of America | 5 |
| Peru | 4 | Uruguay | 3 |
| Philippines | 3 | Vanuatu | 5 |
| Poland | 3 | Venezuela | 5 |
| Portugal | 3 | Vietnam | 2 |
| Puerto Rico | 5 | Zambia | 3 |
Table 2: Reasonable amounts by cost groups
| Cost Group | Salary $117,450 and below | Salary $117,451 to $209,000 | Salary $209,001 and above | ||||||
| Meals | Incidentals | Total | Meals | Incidentals | Total | Meals | Incidentals | Total | |
| 1 | $60 | $25 | $85 | $75 | $25 | $100 | $95 | $30 | $125 |
| 2 | $95 | $30 | $125 | $110 | $35 | $145 | $140 | $40 | $180 |
| 3 | $130 | $35 | $165 | $150 | $40 | $190 | $185 | $45 | $230 |
| 4 | $150 | $35 | $185 | $170 | $45 | $215 | $215 | $50 | $265 |
| 5 | $200 | $40 | $240 | $240 | $50 | $290 | $295 | $60 | $355 |
| 6 | $240 | $45 | $285 | $295 | $50 | $345 | $340 | $60 | $400 |
Note: these amounts are determined by the Commissioner solely as the amounts that will be accepted for the exception from the requirement to obtain written evidence for substantiation purposes (refer to paragraph 33 of Taxation Ruling TR 2004/6).
AUSTRALIAN TAXATION OFFICE FOR THE COMMONWEALTH OF AUSTRALIA
You are free to copy, adapt, modify, transmit and distribute this material as you wish (but not in any way that suggests the ATO or the Commonwealth endorses you or any of your services or products).
Footnotes
For further information on truck drivers refer to paragraphs 72 to 75 of Taxation Ruling TR 2004/6 and to Taxation Ruling TR 95/18.
Not previously issued as a draft
[/tab] [tab title="Child Support"]
Child Support - Protect Earnings Amount 2016 Calendar Year
The weekly PEA is equal to 75% of the maximum fortnightly basic rate of Newstart Allowance for a person who is over 21 years of age, partnered and has no dependent children.
The weekly PEA for 2016 is $354.45. This is the minimum amount that must be available for your employee or contractor after tax and child support is deducted.
| Pay cycles | Calculation |
|---|---|
| Daily | $354.45 ÷ 7 days = $50.635714 |
| Weekly | $50.635714 x 7 days = $354.45 |
| Fortnightly | $50.635714 x 14 days = $708.90 |
| Four weekly | $50.635714 x 28 days = $1,417.80 |
| Monthly | $50.635714 x 30.4375 = $1,541.22 |
A year is equal to 365.25 days (allowing for the leap year), 30.4375 days in a month is equal to 365.25 divided by 12. Figures are rounded where applicable.
These amounts are effective from 1 January 2016.
[/tab] [tab title="FBT Tax Rates"]
Fringe benefits tax rates
The FBT rate changes for the year ending 31 March 2015 onwards.
| FBT year | FBT rate |
|---|---|
| Ending 31 March 2014 (and prior years) | 46.5% |
| Ending 31 March 2015 | 47% |
| Ending 31 March 2016 and 31 March 2017 | 49% |
| Ending 31 March 2018 onwards | 47% |
Type 1: higher gross-up rate
This rate is used where the benefit provider is entitled to a goods and services tax (GST) credit in respect of the provisions of a benefit.
Because the FBT rate has changed for the year ending 31 March 2015 onwards, the Type 1 gross-up rate has also changed.
| FBT year | FBT rate | Type 1 gross-up rate |
|---|---|---|
| Ending 31 March 2014 (and prior years) | 46.5% | 2.0647 |
| Ending 31 March 2015 | 47% | 2.0802 |
| Ending 31 March 2016 and 31 March 2017 | 49% | 2.1463 |
| Ending 31 March 2018 onwards | 47% | 2.0802 |
Type 2: lower gross-up rate
This rate is used if the benefit provider is not entitled to claim GST credits.
Because the FBT rate has changed for the year ending 31 March 2015 onwards, the Type 2 gross-up rate has also changed.
| FBT year | FBT rate | Type 2 gross-up rate |
|---|---|---|
| Ending 31 March 2014 (and prior years) | 46.5% | 1.8692 |
| Ending 31 March 2015 | 47% | 1.8868 |
| Ending 31 March 2016 and 31 March 2017 | 49% | 1.9608 |
| Ending 31 March 2018 onwards | 47% | 1.8868 |
[/tab] [tab title="Cents per km"]
The government has made changes to the cents per kilometre method. From 1Â July 2015, separate rates based on the size of the engine are no longer available. You use a single rate of 66Â cents per kilometre for all motor vehicles for the 2015-16Â income year. The Commissioner of Taxation will determine the rate for future income years.
[/tab] [tab title="Luxury Cars"]
Cars with a luxury car tax (LCT) value over the LCT threshold attract an LCT rate of 33%.
| Financial year | Fuel-efficient vehicles | Other vehicles |
|
2016–17 |
||
|
2015–16 |
$75,375 |
$63,184 |
|
2014–15 |
$75,375 |
$61,884 |
|
2013–14 |
$75,375 |
$60,316 |
|
2012–13 |
$75,375 |
$59,133 |
|
2011–12 |
$75,375 |
$57,466 |
|
2010–11 |
$75,375 |
$57,466 |
|
2009–10 |
$75,000 |
$57,180 |
Luxury car tax (LCT) is a tax on cars with a GST-inclusive value above the LCT threshold.
The threshold for 2015-16 is $63,184 (or $75,375 for fuel-efficient cars – those with a fuel consumption of 7 L / 100 km or less).
LCT is imposed at the rate of 33% on the amount above the luxury car threshold.
LCT is paid by businesses that sell or import luxury cars (dealers), and also by individuals who import luxury cars.
[/tab] [tab title="Benchmark Interest Rate 2016"]
Benchmark Interest Rate - TD2016/11
For the income year that commenced on 1 July 2016, the benchmark interest rate for the purposes of sections 109N and 109E of the Income Tax Assessment Act 1936 is 5.40% per annum
[/tab] [tab title="FBT exemption"]
FBT Exemption Threshold 2016-2017 for Payment Summary
The exemption threshold for the fringe benefits tax (FBT) year commencing 1 April 2016 is $8,286. This replaces the amount of $8,164 that applied in the previous year commencing 1 April 2015.
[/tab] [tab title="FBT Rates Cents Per km"]
Fringe benefits tax: what are the rates to be applied on a cents per kilometre basis for calculating the taxable value of a fringe benefit arising from the private use of a motor vehicle other than a car for the fringe benefits tax year commencing on 1 April 2016?
The rates to be applied where the cents per kilometre basis is used for the fringe benefits tax (FBT) year commencing on 1 April 2016 are:
| Engine capacity | Rate per kilometre |
|---|---|
| 0 - 2500cc | 52 cents |
| Over 2500cc | 63 cents |
| Motorcycles | 16 cents |
[/tab]
[/tabs]