Christmas Island Tax Tables 2024 - Tax Rates and Thresholds in Christmas Island
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This page contains the tax table information used for the calculation of tax and payroll deductions in Christmas Island in 2024. These tax tables are used for the tax and payroll calculators published on iCalculator™ CX, these tools are provided for your free use on our website. If you would like additional tax table information added to the tax calculators for Christmas Island or would like to add to or suggest amendments to the information herein then please contact us.
2024 Tax Tables [Quick Links]
Related Calculators
Christmas Island Personal Income Tax Tables in 2024
The Income tax rates and personal allowances in Christmas Island are updated annually with new tax tables published for Resident and Non-resident taxpayers. The Tax tables below include the tax rates, thresholds and allowances included in the Christmas Island Tax Calculator 2024.
Christmas Island Residents Income Tax Tables in 2024
Personal Income Tax Rates and Thresholds (Annual)| Tax Rate | Taxable Income Threshold |
|---|
| 0% | Income from $ 0.000.00 | to | $ 18,200.00 |
| 19% | Income from $ 18,200.01 | to | $ 45,000.00 |
| 30% | Income from $ 45,000.01 | to | $ 200,000.00 |
| 45% | Income from $ 200,000.01 | | and above |
Christmas Island Non-residents Income Tax Tables in 2024
Personal Income Tax Rates and Thresholds (Annual)| Tax Rate | Taxable Income Threshold |
|---|
| 30% | Income from $ 0.000.00 | to | $ 200,000.00 |
| 45% | Income from $ 200,000.01 | | and above |
Christmas Island Social Security and Payroll Deduction Rates in 2024
On Christmas Island, as an Australian external territory, the social security and payroll deduction system follows the Australian model. Both employees and employers contribute to a range of programs designed to provide benefits and support for workers and their families.
Christmas Island Social Security in 2024: Rates for Employers and Employees| Category | Employee | Employer | Total |
|---|
| Medicare Levy | 2% | 0% | 2% |
| Superannuation Guarantee | 0% | 11.5% | 11.5% |
Christmas Island Social Security and Payroll Deduction in 2024: Earnings Thresholds for Employers and Employees| Category | Employee | Employer |
|---|
| Min. | Max. | Min. | Max. |
|---|
| Medicare Levy | $ 24,276.00 | n/a | n/a | n/a |
| Superannuation Guarantee | n/a | n/a | n/a | n/a |
Superannuation Contributions
A key component of payroll deductions in Christmas Island is the superannuation contribution. Employers contribute a percentage of an employee’s earnings to a superannuation fund, which serves as a retirement savings plan for employees, ensuring financial support in their post-employment years.
Medicare Levy
Another important deduction is the Medicare levy, which funds Australia's public healthcare system. This levy ensures access to healthcare services for all Australian citizens and permanent residents, including those residing in Christmas Island.
Income Tax Deductions
Employees on Christmas Island are subject to income tax deductions from their wages. These deductions contribute to the Australian government’s revenue and are used to fund various public services and infrastructure projects.
Other Deductions
Additional deductions may include payments for specific insurance policies, and contributions to voluntary retirement savings or investment schemes, providing financial security and additional benefits to employees.
The social security and payroll deduction system in Christmas Island is essential in providing financial security and healthcare benefits to the workforce, contributing to the overall welfare of the community.
Christmas Island VAT Rates in 2024
VAT rates for Christmas Island are reviewed annually, you can use the VAT Calculator to calculate VAT due in Christmas Island or use the Reverse VAT Calculator to calculate the net cost of goods/services after deducting VAT.
Christmas Island VAT Rates| VAT Rate | VAT Description |
|---|
| 0% | Reduced |
| 10% | Standard Rate |
Historic Tax Tables supported for Christmas Island
The following tax tables are supported by iCalculator™ CX as part of the suite of free tax tools we provide for Christmas Island.