There are new PAYG withholding tax rates that apply from 1 October 2016.
The 32.5% tax threshold has increased from $80,000 to $87,000 in the withholding schedules. This is a result of the targeted personal income tax relief changes. All employers should download the updated tax tables or contact their payroll software provider for the update.
The updated tax tables can be downloaded from the ATO website here.
