Overview of Key Changes from July 2021
Individuals Personal Income Tax Cut Stage 2 of the personal Income Tax Plan – Tax Cut apply from 1 July 2021 as follows: The upper threshold of the 19% personal income tax bracket was raised from $37,000 t0 $45,000 The upper threshold of the 32.5% personal income tax bracket was raised from $90,000 to $120,000 …