Public 2020 No 65
Issued
01 Apr 2021

Taxation (Income Tax Rate and Other Amendments) Act 2020

The Taxation (Income Tax Rate and Other Amendments) Act 2020 introduces a new top personal income tax rate of 39% on annual income exceeding $180,000 for the 2021–22 and later income years and amends other tax rules to ensure that the new top personal tax rate applies consistently across the personal tax system.