Australia Releases 2026-27 Tax Year Withholding Methods

Withholding methods for Australia’s 2026-27 tax year, which begins July 1, were published by the Australian Tax Office June 12.

The Taxation Administration (Withholding Schedules) Instrument 2026 includes Schedule 1, Statement of Formulas for Calculating Amounts to Be Withheld, and tax tables for other types of payments and individuals. All 15 schedules in the instrument take effect July 1, 2026.

While Schedule 1 and a majority of the other schedules were last updated effective July 1, 2024, others were adjusted in the intervening period, including the student loan-focused Schedule 8, Statement of Formulas for Calculating Study and Training Support Loans ...