Tax Rate Cuts Australia 2025. Key tax changes for australia in 2025. On january 25, 2024, the australian government announced changes to individual income tax rates and thresholds, effective from july 1 this year.

Key tax changes for australia in 2025. Hailing the reforms as delivering bigger tax cuts for the vast majority of workers, the prime minister has revealed that average earners on $73,000 will see their tax cuts double to $1504.