Social Security Rate for Companies and Employees in Australia
Social Security Rate Data in Australia
| Indicator | Data | Period |
|---|---|---|
| Social Security Rate | 13 % | 2023 |
| Social Security Rate For Companies | 11 % | 2023 |
| Social Security Rate For Employees | 2 % | 2023 |
Latest data on Social Security Rate (%)
What is Social Security Rate in Australia?
- Social Security Rate in Australia increased to 13 % in 2023. The maximum rate was 11.5 % and minimum was 10.5 %.
- Data published Yearly by Taxation Office.
Historical Data (%) by years
Data
Period
Date
| 13 | 2023 | 14.09.2023 |
| 11.5 | 2021 | 18.08.2021 |
| 11.5 | 2020 | 09.03.2021 |
| 11.5 | 2019 | 18.06.2019 |
| 11.5 | 2018 | 13.02.2018 |
| 11.5 | 2016 | 11.08.2017 |
Historical Chart by prime ministers (%)
Social Security Rate in Australia by prime ministers
| Name | Period | Start Data | End Data | Max Value | Min Value | CHG% Start/End |
|---|---|---|---|---|---|---|
| Malcolm Turnbull | 15.09.2015 - 24.08.2018 | 11.5000 | 11.5000 | 11.5000 | 11.5000 | 0.00% |
Latest data on Social Security Rate For Companies (%)
What is Social Security Rate For Companies in Australia?
- Social Security Rate in Australia increased to 11 % in 2023. The maximum rate was 9.5 % and minimum was 9 %.
- Data published Yearly by Taxation Office.
Historical Data (%) by years
Data
Period
Date
| 11 | 2023 | 14.09.2023 |
| 9.5 | 2021 | 18.08.2021 |
| 9.5 | 2020 | 09.03.2021 |
| 9.5 | 2019 | 18.06.2019 |
| 9.5 | 2018 | 13.02.2018 |
| 9.5 | 2016 | 11.08.2017 |
Historical Chart by prime ministers (%)
Social Security Rate For Companies in Australia by prime ministers
| Name | Period | Start Data | End Data | Max Value | Min Value | CHG% Start/End |
|---|---|---|---|---|---|---|
| Malcolm Turnbull | 15.09.2015 - 24.08.2018 | 9.5000 | 9.5000 | 9.5000 | 9.5000 | 0.00% |
Latest data on Social Security Rate For Employees (%)
What is employer Social Security rate in Australia?
- Corporate Tax Rate in Australia remained unchanged at 2 % in 2023. The maximum rate was 2 % and minimum was 1.5 %.
- Data published Yearly by Taxation Office.
Historical Data (%) by years
Data
Period
Date
| 2 | 2023 | 14.09.2023 |
| 2 | 2022 | 24.10.2022 |
| 2 | 2021 | 18.08.2021 |
| 2 | 2020 | 09.03.2021 |
| 2 | 2019 | 18.06.2019 |
| 2 | 2018 | 13.02.2018 |
| 2 | 2016 | 11.08.2017 |
Historical Chart by prime ministers (%)
Social Security Rate For Employees in Australia by prime ministers
| Name | Period | Start Data | End Data | Max Value | Min Value | CHG% Start/End |
|---|---|---|---|---|---|---|
| Malcolm Turnbull | 15.09.2015 - 24.08.2018 | 2.0000 | 2.0000 | 2.0000 | 2.0000 | 0.00% |
Other taxes in Australia
| Index | Updated | Actual | Previous |
| Corporate Tax Rate | 2023 | 30 % | 30 |
| Personal Income Tax Rate | 2023 | 45 % | 45 |
| Sales Tax Rate | 2023 | 10 % | 10 |
Social Security Rate in other countries
| Country | Updated | Actual | Previous |
| Australia | 2023 | 13 % | 12.5 |
| New Zealand | 2021 | 11 % | 11 |
| Papua New Guinea | 2023 | 14.4 % | 14.4 |
| Fiji | 2022 | 11 % | 10 |
