Australia tax rates
The top rates a resident individual pays on each kind of income, computed by the Sovereign tax engine from its Australia tax profile.
Tier 2 — every figure has an accepted source; some rest on a PwC / Deloitte / KPMG / EY summary (marked †). Sources last checked 9 November 2026. Figures last changed 9 November 2026. Profile last reviewed 27 May 2026.
Scroll across the table to see all tax rates.
| Salary | Long-term gains | Short-term gains | Dividends | Interest | Rent | Crypto gains | |
|---|---|---|---|---|---|---|---|
| Australia | 47%† | 23.5%† | 47%† | 24.29% | 47%† | 47%† | 23.5% |
† This figure rests on a PwC tax summary, not on the statute itself. The summary is the only source on file for it.
Each figure is the tax on one more unit of a very large amount of that income, with every layer the engine models: surtaxes and uncapped social contributions included. It is the top marginal rate, not the average rate you pay on all your income.
What is the top income tax rate in Australia?
The top rate on a salary is 47%. It is the tax on each extra unit of a very high salary, with surtaxes and uncapped social contributions included. The income tax scale alone reaches 45% above AUD 190,000.
How are capital gains taxed in Australia?
The top rate on a long-term capital gain is 23.5%. A gain on an asset held for 12 months or less is taxed at up to 47%.
How are dividends and interest taxed in Australia?
The top rate is 24.29% on dividends and 47% on interest. The dividend rate is for a dividend from a company resident in Australia, after the credit for the company's tax.
How is crypto taxed in Australia?
Australia taxes a gain on crypto assets as a capital gain, at up to 23.5%.
Does Australia tax foreign income?
Yes. Australia taxes its residents on their worldwide income. A tax treaty or a credit for foreign tax can reduce the tax on income from abroad.
Does Australia have a wealth tax?
No. Australia has no recurring national tax on net wealth in our model. Property taxes and taxes on gifts or inheritances are separate.
Does Australia have an exit tax for individuals?
Yes. Australia can tax unrealised gains, or some of them, when a resident individual moves abroad. The conditions depend on the asset and the holding.
What special tax regimes does Australia have?
Our profiles list one regime: Temporary Resident CGT Exemption. It has its own conditions.
When do you become tax resident in Australia?
The Australia day test (183-day test): more than half the income year from 1 July. The main test asks whether you reside in Australia, whatever your days. The domicile test and the Commonwealth superannuation test can also make you resident.
Residence decides whether Australia taxes you on these rates. See the Australia day-count test and count your own days.
Sources
The Australia profile cites 8 sources for these rules, 8 of them from a government or a statute.
- ATO - You and your shares 2026: Effect on tax payable (Example 4) / How dividends are taxed · official, retrieved 2026-10-02
- ATO - Individual tax return 2026 instructions: 11 Dividends · official, retrieved 2026-10-02
- ATO - You and your shares 2026: Franking tax offsets · official, retrieved 2026-10-02
- ATO - Refund of franking credits for individuals · official, retrieved 2026-10-02
- ATO - What is the Medicare levy? · official, retrieved 2026-10-02
- ATO - Medicare levy reduction for low-income earners · official, retrieved 2026-10-02
- ATO - How changing residency affects CGT · official, retrieved 2026-10-02
- ATO - How to work out and report CGT on crypto · official, retrieved 2026-10-02
The model covers the general rules for a resident individual. It does not cover every deduction, credit, tax treaty or local tax, and rules change after the check date above. Did you find an error? Tell us, with the source.
Compare Australia with other countries
Top rates do not show what you would pay. Sovereign applies these rules to your own assets, income and debts, and compares the result across 165 countries. Put Australia side by side with other countries, see every country or try the live demo.
Other countries in Oceania: Fiji, New Zealand, Papua New Guinea, Vanuatu, Samoa.