Tuesday, 03 April 2018 09:05

Temporary Budget Repair levy will expire

The Temporary Budget Repair levy of 2 percent of taxable income in excess of $180,000 will expire on 30 June 2017. There has been no indication that the government seeks to extend the Levy in this years Budget. Therefore the highest marginal tax rate will be 45% + Medicare Levy from 1 July 2017.

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