Australia Tax Calculator
Top income tax rate: 45% • Corporate: 30% • VAT: 10%
Income Tax Calculator
Total Tax
A$21K
Take-Home Pay
A$79K
Effective Rate
20.5%
Marginal Rate
30%
Bracket Breakdown
| Bracket | Rate | Taxable | Tax |
|---|---|---|---|
| A$0 – A$18K | 0% | A$18K | A$0 |
| A$18K – A$45K | 15% | A$27K | A$4K |
| A$45K – A$135K | 30% | A$55K | A$17K |
This calculator provides estimates based on Australia's standard income tax brackets. Actual tax liability may vary based on deductions, credits, filing status, and other factors. Consult a tax professional for advice.
Crypto Tax Calculator
Capital Gain/Loss
A$15K
Tax Rate
23%
short-term
Tax Owed
A$3K
Net Profit
A$12K
Tax Treatment in Australia
The ATO treats cryptocurrency and other digital assets as property (CGT assets), not as currency or foreign currency. Disposing of cryptocurrency — whether by selling, exchanging, gifting, or using it to purchase goods and services — is a CGT event that may result in a capital gain or loss. If the cryptocurrency was held for more than 12 months, the 50% CGT discount applies, reducing the effective top rate to approximately 23%. Cryptocurrency received as payment for goods or services, through mining, staking, or airdrops may be treated as ordinary income and taxed at the individual's marginal rate.
This calculator provides estimates for Australia. Actual crypto tax may vary depending on your specific circumstances, additional income, and applicable exemptions. Consult a tax professional.