The ATO marginal tax rates for Australian Resident Individuals have changed for the financial year ending 30 June 2023 (FY23) remain unchanged this year - read the full ATO update here.
We keep an eye on these as they do impact our end-of-year tax planning in relation to trust distributions and the preparation of the necessary minutes (prior to the end of the financial year).
The company tax rate for FY21 has also changed as follows:
Disclaimer: This information is general in nature. So, before acting on this or any other information, it is important to seek professional advice related directly to you and your circumstances. Should you require our assistance, contact your Primarius Team leader, or email us at info@primarius.net.au