Norfolk Island Tax Tables 2023 - Tax Rates and Thresholds in Norfolk Island

This page contains the tax table information used for the calculation of tax and payroll deductions in Norfolk Island in 2023. These tax tables are used for the tax and payroll calculators published on iCalculator™ NF, 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 Norfolk Island or would like to add to or suggest amendments to the information herein then please contact us.

Norfolk Island Personal Income Tax Tables in 2023

The Income tax rates and personal allowances in Norfolk 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 Norfolk Island Tax Calculator 2023.

Low Income Tax Offset in 2023

You may be eligible for a tax offset in 2023 if you are a low-income earner and you are an Australian resident for income tax purposes. If your taxable income is less than $ 66,667.00, you will get the low income tax offset. The maximum tax offset of $ 700.00 applies if your taxable income is $ 37,000.00 or less. This amount is reduced by $ 1.50 cents for each dollar over $ 37,000.00.

In alignment with Australian tax laws, social security deductions on Norfolk Island, such as superannuation contributions made by employers, are generally not deductible from an employee's taxable income. However, individuals can claim deductions for personal superannuation contributions under certain conditions. It's important to note that while employer contributions do not reduce an employee's taxable income directly, they represent a form of pre-tax income saving for retirement, contributing to long-term financial security.

Norfolk Island Social Security Rates in 2023

With Norfolk Island integrating more closely with Australian tax and social security systems, employees and employers on the island are subject to similar payroll deductions and social security contributions as those in mainland Australia. These contributions fund various benefits and services, ensuring support and protection for the workforce and their families. This guide explores the types of social security and payroll deductions applicable on Norfolk Island and what each contribution funds.

Norfolk Island GST Rates in Norfolk Island

GST rates for Norfolk Island are reviewed annually, you can use the GST Calculator to calculate GST due in Norfolk Island or use the Reverse GST Calculator to calculate the net cost of goods/services after deducting GST.

Historic Tax Tables supported for Norfolk Island

The following tax tables are supported by iCalculator™ NF as part of the suite of free tax tools we provide for Norfolk Island.