The Working Holiday Maker tax table includes a Flat Rate Threshold, which sets the tax rate at 15% for the first $45,000 in annual earnings. Once this income threshold is reached, tax will be calculated at marginal rates based on the income brackets, as per the 03 Non Resident Tax scale.
Setup, Tax, Tables, Working Holiday Maker (2024-25)
Employee Files allocated on the new Working Holiday Maker 2024-25 tax table will automatically be assigned to the Working Holiday Maker Income Type field code H, within that employee file for PAYG Summary and STP purposes.
What about TFN Declarations for Working Holiday Makers?
Employee, Payments, Tax – Additional Requirements for TFN Declaration
Further Information from the ATO
Further reading on the ATO website is available at Schedule 15 – Tax table for working holiday makers.