Who benefits most from income tax rebate?

Those with taxable income of $35,715 will get to fully utilise 50% rebate capped at $200

The income tax filing season is coming, so it is important that the public has a good understanding of the changes announced in the Budget two weeks ago.

A key one is that there will be a personal income tax rebate of 50 per cent for all tax resident individuals for Year of Assessment 2019 (that is, on income earned in the 12 months to Dec 31 last year).

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A version of this article appeared in the print edition of The Sunday Times on March 03, 2019, with the headline 'Who benefits most from income tax rebate?'. Print Edition | Subscribe