The Australian Taxation Office (ATO) has announced planned individual Income Tax rates and threshold changes from 1 July 2024.
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Individual Income Tax rates and threshold changes
Changes to Individual Income Tax rates and thresholds from 1 July 2024.
On 25 January 2024, the government announced proposed changes to Individual Income Tax rates and thresholds from 1 July 2024. These changes are not yet law.
From 1 July 2024, the proposed tax cuts will:
- reduce the 19 per cent tax rate t…