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austax: Add FY2023-24 tax tables

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This commit is contained in:
RunasSudo 2023-09-18 21:30:25 +10:00
parent 80c28d2c6d
commit 2130bb70c7
Signed by: RunasSudo
GPG Key ID: 7234E476BF21C61A
2 changed files with 30 additions and 1 deletions
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2
austax/reports.py
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@ -27,7 +27,7 @@ def base_income_tax(year, taxable_income):
for i, (upper_limit, flat_amount, marginal_rate) in enumerate(base_tax[year]): for i, (upper_limit, flat_amount, marginal_rate) in enumerate(base_tax[year]):
if upper_limit is None or taxable_income.quantity <= upper_limit * (10**AMOUNT_DPS): if upper_limit is None or taxable_income.quantity <= upper_limit * (10**AMOUNT_DPS):
lower_limit = base_tax[year][i - 1][0] lower_limit = base_tax[year][i - 1][0] or 0
return Amount(flat_amount * (10**AMOUNT_DPS) + marginal_rate * (taxable_income.quantity - lower_limit * (10**AMOUNT_DPS)), '$') return Amount(flat_amount * (10**AMOUNT_DPS) + marginal_rate * (taxable_income.quantity - lower_limit * (10**AMOUNT_DPS)), '$')
def lito(taxable_income): def lito(taxable_income):

29
austax/tax_tables.py
View File

@ -18,6 +18,13 @@
# https://www.ato.gov.au/rates/individual-income-tax-rates/ # https://www.ato.gov.au/rates/individual-income-tax-rates/
# Maps each financial year to list of (upper limit (INclusive), flat amount, marginal rate) # Maps each financial year to list of (upper limit (INclusive), flat amount, marginal rate)
base_tax = { base_tax = {
2024: [
(18200, 0, 0),
(45000, 0, 0.19),
(120000, 5092, 0.325),
(180000, 29467, 0.37),
(None, 51667, 0.45)
],
2023: [ 2023: [
(18200, 0, 0), (18200, 0, 0),
(45000, 0, 0.19), (45000, 0, 0.19),
@ -31,6 +38,27 @@ base_tax = {
# https://www.ato.gov.au/Rates/HELP,-TSL-and-SFSS-repayment-thresholds-and-rates/ # https://www.ato.gov.au/Rates/HELP,-TSL-and-SFSS-repayment-thresholds-and-rates/
# Maps each financial year to list of (upper limit (EXclusive), repayment rate) # Maps each financial year to list of (upper limit (EXclusive), repayment rate)
repayment_rates = { repayment_rates = {
2024: [
(51550, 0),
(59518, 0.01),
(63089, 0.02),
(66875, 0.025),
(70888, 0.03),
(75140, 0.035),
(79649, 0.04),
(84429, 0.045),
(89494, 0.05),
(94865, 0.055),
(100557, 0.06),
(106590, 0.065),
(112985, 0.07),
(119764, 0.075),
(126950, 0.08),
(134568, 0.085),
(142642, 0.09),
(151200, 0.095),
(None, 0.1)
],
2023: [ 2023: [
(48361, 0), (48361, 0),
(55837, 0.01), (55837, 0.01),
@ -57,5 +85,6 @@ repayment_rates = {
# FBT type 1 gross-up factor # FBT type 1 gross-up factor
# https://www.ato.gov.au/rates/fbt/#GrossupratesforFBT # https://www.ato.gov.au/rates/fbt/#GrossupratesforFBT
fbt_grossup = { fbt_grossup = {
2024: 2.0802,
2023: 2.0802 2023: 2.0802
} }