30 Jun 099 New personal income tax thresholds apply from 1 July 2009
In a media release issued on 30 June 2009, the ATO reminded employers to use new personal income tax threshold rates from 1 July 2009. The new rates have been introduced following changes to the income tax thresholds announced in last year’s Federal Budget (2008-09).
The Commissioner, Michael D’Ascenzo, said: "These new rates should be applied to payments made on or after 1 July even if some of the payment relates to work performed before this date."
Copies of the new rates are available from newsagents, by calling 1300 720 092 or from the ATO website
For a copy of the ATO media release, No 2009/49, 30 June 2009, go here
In a joint media release issued on 30 June 2009, the Treasurer, Wayne Swan, and the Assistant Treasurer, Senator Nick Sherry, commented on the changes to the tax rates commencing 1 July 2009. For a copy of the joint media release, No 2009/081, go here