Extra Income Tax Rates for Taxpayers with a Minimum Tax Capital Gain
Income Tax Rates Amendment (Tax Reform No. 1) Bill 2026
House of Representatives
Senate
Assent
Links to official parliament websites
Effects of this bill
If this bill passes, it means that:
Taxpayers with a minimum tax capital gain must pay extra income tax.
The tax rate is calculated by dividing the minimum tax gap amount by the minimum tax capital gain for the year.