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FAQ tax calculation for part-year residents 

1) Tax free threshold

Please refer to https://www.ato.gov.au/Individuals/Ind/Tax-free-threshold-for-newcomers-to-Australia/ for the calculation. 

2) Low Income Middle Income Tax offsets

As per the Income Tax Assessment Act 1997, Section 61-100 Entitlement to the Low Income tax offset

61-110 (1) You are entitled to a *tax offset for the 2022-23 income year or a later income year if:

(a) you are an individual who is an Australian resident at any time during the income year; and

(b) your taxable income for the income year does not exceed $66,667

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