Table of Contents
- Book of Rates Live Home
- 1 Addresses and Contact Information
- 2 Useful Links to Tax-related Websites
- 3 Individuals
- 3.01 General Rates
- 3.02 General Rates of Tax for Resident Individuals – 2022 - 2019
- 3.03 Medicare Levy
- 3.04 Tax Offsets
- 3.04.01 Dependant (Invalid and Carer) Tax Offset
- 3.04.02 Notionally Retained Dependant Tax Offsets
- 3.04.03 Low-income Tax Offset
- 3.04.04 Low and Middle Income Tax Offset
- 3.04.05 Seniors and Pensioners Tax Offset 2023/24 & 2022/23
- 3.04.06 Beneficiary Tax Offset – 2021/22 & 2020/21
- 3.04.07 Medical Expenses Tax Offset
- 3.04.08 Private Health Insurance Rebate – 2023/24
- 3.04.09 Superannuation Spouse Contribution Tax Offset – 2023/24
- 3.04.10 Tax Offset (Superannuation Income Streams) – 2023/24 & 2022/23
- 3.04.11 Zone Tax Offset – 2020/21 & 2019/20
- 3.04.12 Overseas Forces Tax Offset
- 3.04.13 NRAS Refundable Tax Offset – 2023/24 & 2022/23
- 3.04.14 Small Business Income Tax Offset – 2022/23 & 2021/22
- 3.04.15 Early Stage Venture Capital Limited Partnership – 2022/23
- 3.04.16 Early Stage Investor – 2022/23
- 3.05 HELP Repayment Thresholds – 2022/23 & 2023/24
- 3.06 Resident Individual Tax Tables (without the Medicare Levy)
- 4 Lodgments, Penalties, Interest & Industry Codes
- 4.01 Tax Agent Lodgment Program 2022/23
- 4.02 Public Holidays for the 2023/24 Income Year
- 4.03 Penalties and Interest
- 4.03.01 Penalties Relating To Statements1
- 4.03.02 Tax Scheme Penalties1
- 4.03.03 Failure To Lodge Penalties
- 4.03.04 Other Miscellaneous Administrative Penalties
- 4.03.05 General Interest Charge (GIC) Rates
- 4.03.06 Other Penalties
- 4.03.07 Tax Offences - Maximum Penalties
- 4.03.08 Interest Rates for Overpayment and Early Payment of Tax1
- 4.03.09 Shortfall Interest Charge (SIC) Rates
- 4.04 Business Industry Codes Listing
- 4.05 Salary and Wage Occupation Codes
- 5 Employment Termination Payments
- 6 Capital Gains Tax (CGT)
- 7 Deductions
- 7.01 Per Kilometre Claims for Car Deductions
- 7.02 Home Office Claims
- 7.03 Reasonable Amounts for Allowances
- 7.03.01 Overtime Meal Allowance Amounts 2023/24
- 7.03.02 Overtime Meal Allowance Amounts - 2022/23
- 7.03.03 Daily Travel Allowance Amounts - 2023/24
- 7.03.04 Daily Travel Allowance Amounts – 2022/23
- 7.03.05 High Cost Country Centres - Accommodation Expenses - 2023/24
- 7.03.06 High Cost Country Centres - Accommodation Expenses – 2022/23
- 7.03.07 Tier 2 Country Centres - 2023/24
- 7.03.08 Tier 2 Country Centres - 2022/23
- 7.03.09 Overseas Travel Allowance Amounts - 2023/24
- 7.03.10 Overseas Travel Allowance Amounts - 2022/23
- 7.03.11 Travel Allowance Claims for Employee Truck Drivers - 2023/24
- 7.03.12 Travel Allowance Claims for Employee Truck Drivers - 2022/23
- 7.04 Substantiation Requirements for Work-related Travel
- 7.05 Laundry Expenses - Reasonable Rates
- 7.06 Phone Expenses – ATO 'Safe Harbours'
- 7.07 Trading Stock and Livestock
- 7.08 Gifts
- 8 Capital Allowances - Depreciation
- 8.01 Depreciating Assets Acquired by Business Taxpayers
- 8.02 Depreciation
- 8.02.01 Effective Life Tables
- 8.02.02 Calculating the Rate of Decline
- 8.02.03 How to Use the Effective Life Tables
- 8.02.04 Effective Life Tables as at 01 July 2022 (Table A)
- 8.02.05 Effective Life Tables as at 01 July 2022 (Table B)
- 8.02.06 Horticultural Plants
- 8.02.07 Effective Life - Intangible Depreciating Assets
- 8.02.08 Effective life – Mining, quarrying or prospecting rights or information
- 8.02.09 Effective Life - Statutory Caps of Certain Depreciating Assets
- 8.02.10 Effective Life - Statutory Caps Specified Industries
- 8.03 Car Depreciation Cost Limit1
- 8.04 Leased Assets - Minimum Residuals (percentage of cost)
- 8.05 Income-producing Building Write-off Rates
- 8.06 Depreciation and Building Write-off Checklist
- 9 Superannuation Funds
- 9.01 Rates of Tax – 2020/21
- 9.02 Contributions Caps
- 9.03 Employer Contributions
- 9.04 Personal Superannuation Contributions
- 9.05 General Transfer Balance Cap
- 9.06 Annuities and Pensions
- 9.07 Lump Sum Superannuation Benefits
- 9.08 Preservation Age
- 9.09 Departing Australia Superannuation Payments Withholding Tax
- 9.10 Superannuation Supervisory Levy (SMSFs)
- 10 Companies
- 10.01 Company Rates of Tax - 2023/24
- 10.01.01 General Company Tax Rate1
- 10.01.02 Retirement Savings Accounts (RSA) Providers - 2023/24 & 2022/23
- 10.01.03 Life Insurance Companies- 2023/24 & 2022/23
- 10.01.04 Pooled Development Funds (PDFs) - 2023/24 & 2022/23
- 10.01.05 Credit Unions - 2023/24 & 2022/23
- 10.01.06 Non-profit Company Tax Rates - 2023/24 & 2022/23
- 10.01.07 Non-profit BRE Company Tax Rates
- 10.02 General Company Tax Rate – Prior Years
- 10.03 Corporate Tax Rate for Imputation Purposes - 2023/24 & 2022/23
- 10.04 Division 7A
- 10.01 Company Rates of Tax - 2023/24
- 11 Trustees
- 11.01 Rates of Tax – 2020/21
- 11.01.01 S.98(1) and (2) Assessments – Resident Beneficiary – 2022/23
- 11.01.02 S.98(3) Assessment – Non-Resident Company Beneficiary – 2022/23
- 11.01.03 S.98(3) and S.98(1), (2) Assessment – Non-Resident Beneficiary (not a company or trustee beneficiary) – 2022/23 & 2021/22
- 11.01.04 S.98(4) Assessment – Non-Resident Beneficiary (a trustee of another trust) – 2022/23
- 11.01.05 S.99 Assessment – Resident Deceased Estate – 2022/23
- 11.01.06 S.99 Assessment – Resident Trust (not a deceased estate) – 2022/23
- 11.01.07 S.99 Assessment – Non-resident Trust – 2022/23 & 2021/22
- 11.01.08 S.99A Assessment – No Beneficiary Presently Entitled – 2022/23
- 11.02 Rates of Tax – 2019/20
- 11.02.01 S.98(1) and (2) Assessments – Resident Beneficiary – 2019/20
- 11.02.02 S.98(3) Assessment – Non-Resident Company Beneficiary – 2019/20
- 11.02.03 S.98(3) and S.98(1),(2) Assessment – Non-Resident Beneficiary (not a company or trustee beneficiary) – 2019/20
- 11.02.04 S.98(4) Assessment – Non-Resident Beneficiary (a trustee of another trust) – 2021/22
- 11.02.05 S.99 Assessment – Resident Deceased Estate – 2021/22
- 11.02.06 S.99 Assessment – Resident Trust (not a deceased estate) – 2021/22
- 11.02.07 S.99 Assessment – Non-resident Trust – 2019/20
- 11.02.08 S.99A Assessment – No Beneficiary Entitled – 2019/20
- 11.03 Medicare Levy
- 11.04 Family Trust Distribution Tax
- 11.05 Trustee Beneficiary Non-Disclosure Tax – 2023/24
- 11.01 Rates of Tax – 2020/21
- 12 Fringe Benefits Tax (FBT)
- 12.01 FBT Rate
- 12.02 Gross-up Rates
- 12.03 Reportable Fringe Benefits
- 12.04 Exempt Fringe Benefits – Threshold Amounts – 2023 & 2024
- 12.05 Small Business Record-keeping Exemption Thresholds
- 12.06 Hospitals, Public Ambulance Services and PBIs
- 12.07 GST Impact on Fringe Benefits
- 12.08 Car Fringe Benefits
- 12.09 Car Parking Fringe Benefits Threshold
- 12.10 Loan Fringe Benefits – Benchmark Interest Rates
- 12.11 Housing Fringe Benefits – Indexation Factors - 2022/23 & 2023/24
- 12.12 Board and Meal Fringe Benefits - Taxable Value of Meals
- 12.13 Living-away-from-home Allowance
- 12.14 Rates for Vehicles other than Cars- 2023/24 & 2024/25 1
- 12.15 Entertainment Tables
- 13 Goods and Services Tax (GST)
- 14 International Tax
- 15 Payroll Tax
- 16 Stamp Duty
- 16.01 Stamp Duty - Australian Capital Territory (ACT)
- 16.01.01 Commercial Property Conveyances (ACT) – 2023/24
- 16.01.02 Non-commercial Property Conveyances (ACT) – 2023/24
- 16.01.03 Home Buyer Concession Scheme (HBCS) (ACT)
- 16.01.04 Insurance (ACT)
- 16.01.05 Commercial Leases (ACT)1
- 16.01.06 Motor Vehicle Duty (ACT)
- 16.01.07 Transfer of Securities (ACT)
- 16.01.08 Deeds establishing Trusts and SMSFs (ACT)
- 16.02 Stamp Duty – New South Wales (NSW)
- 16.02.01 Conveyances (NSW)1
- 16.02.02 First Home Benefits (NSW)
- 16.02.03 Insurance (NSW)
- 16.02.04 Leases (NSW)
- 16.02.05 Mortgage Duty (NSW)
- 16.02.06 Motor Vehicle Duty (NSW)
- 16.02.07 Transfer of Business Assets (NSW)
- 16.02.08 Transfer of Securities (NSW)1
- 16.02.09 Deeds establishing Trusts and SMSFs (NSW)
- 16.03 Stamp Duty - Northern Territory (NT)
- 16.04 Stamp Duty - Queensland (QLD)
- 16.05 Stamp Duty - South Australia (SA)
- 16.06 Stamp Duty - Tasmania (TAS)
- 16.07 Stamp Duty - Victoria (VIC)
- 16.07.01 Conveyances (VIC)1 - Non-Principal Place of Residence (Non-PPR)
- 16.07.02 Principal Place of Residence (PPR) (VIC)
- 16.07.03 Insurance (VIC)
- 16.07.04 Livestock Sales (VIC)
- 16.07.05 Motor Vehicle Duty (VIC)1
- 16.07.06 Transfer of Securities (VIC)
- 16.07.07 Deeds establishing Trusts and SMSFs (VIC)
- 16.08 Stamp Duty - Western Australia (WA)
- 16.01 Stamp Duty - Australian Capital Territory (ACT)
- 17 Land Tax
- 17.01 Rates Australia-wide
- 17.01.01 Australian Capital Territory 2022/23 & 2023/24
- 17.01.02 New South Wales 2024 & 2023 calendar years
- 17.01.03 Northern Territory
- 17.01.04 Queensland 2022/23 & 2023/24
- 17.01.05 South Australia - 2022/23 & 2023/24
- 17.01.06 Tasmania - 2022/23 & 2023/24
- 17.01.07 Victoria - 2023 calendar year
- 17.01.08 Western Australia - 2022/23 & 2023/24
- 17.01 Rates Australia-wide
- 18 Social Security
- 18.01 Payment Period - Warning
- 18.02 Family Tax Benefit Part A
- 18.03 Family Tax Benefit Part B
- 18.04 Baby Bonus
- 18.05 Maternity Immunisation Allowance
- 18.06 Child Care Benefit
- 18.07 Supplementary Benefits
- 18.07.01 Rent Assistance Rates1 (effective from 20 March 2024)
- 18.07.02 Commonwealth Seniors Health Card (effective from 20 September 2023)
- 18.07.03 Pharmaceutical Allowance (effective from 1 January 2024)
- 18.07.04 Large Family Supplement (effective from 1 July 2015)
- 18.07.05 Multiple Birth Allowance (effective 1 July 2023)
- 18.08 Assets Test
- 18.09 Income Tests
- 18.10 ABSTUDY Scheme
- 18.11 Age Pension
- 18.12 Assistance for Isolated Children
- 18.13 Austudy Payment
- 18.14 Bereavement Allowance
- 18.15 Carer Allowance
- 18.16 Carer Payment
- 18.17 Disability Support Pension
- 18.18 Double Orphan Pension
- 18.19 Mobility Allowance
- 18.20 JobSeeker Payment
- 18.21 Parenting Payment
- 18.22 Partner Allowance
- 18.23 Pensioner Education Supplement or ABSTUDY Pensioner Education Supplement
- 18.24 Remote Area Allowance
- 18.25 Sickness Allowance
- 18.26 Widow Allowance
- 18.27 Youth Allowance
- 19 Assessments
- 20 Excise Duty and Fuel Tax Credits
- 21 About Book of Rates Live
Book of Rates Live
Book of Rates Live is an online, interactive publication that is updated weekly, so that you are constantly able to access the latest:
- Income tax, FBT, CGT, GST rates and tables;
- Any changes to deductions under any rulings or determinations issued, including deductions against allowances, etc;
- Updated rates of depreciation;
- State Land Taxes, Stamp Duties and Payroll Taxes;
- Excise Duties and Fuel Tax Credits; and
- Differing rates of payments and allowances made by Centrelink and the Family Assistance Office as they are changed throughout the year.
If you have any queries, please click here to email us at borlive@ntaa.com.au.