The Turnbull Government has delivered income tax relief for all Australian workers.
In passing our Personal Income Tax plan through the Parliament, the Government has ensured all Australians paying tax will be better off. They will be paying less tax, and will be rewarded for their hard work both now and into the future, Federal Member for Bonner Ross Vasta said today.
“Taxes in Australia will now be lower, fairer and simpler. Over 66,500 people and their families in my electorate of Bonner will benefit from tax relief of up to $530 in 2018-19,” Mr Vasta said.
“This is a win for all working Australians who want to get ahead. You will have the certainty that when you earn more, get a pay rise or work more hours, you won’t face ever-increasing tax rates.”
“Under our plan, 94 per cent of Australian workers will not face higher marginal tax rate of more than 32.5c in the dollar, with our first priority low and middle income earners because we understand the benefits of a stronger economy have not yet flowed to all.”
More information on the legislated Personal Income Tax Plan is available at https://www.budget.gov.au/2018-19/content/factsheets/7-pitp.html.