CEL Group
  • Home
  • About
  • CEL Accountants
    • Accounting Service Packages
    • Business Advisory
  • CEL Consulting
  • CEL Legal
  • Les Freedman & Co
  • Newsletters
  • Resources and Links
  • Contact

Resources and Links

Check residency for working holiday makers

1/9/2017

1 Comment

 
Picture
ATO are receiving a large number of tax returns with an incorrect residency status for working holiday makers.

ATO encourage taxpayers understand whether they are a resident for tax purposes, and check they have completed their status correctly before lodging their tax returns.

Let them know that most working holiday makers on a 417 or 462 visa are not Australian residents due to their pattern of working and holidaying while in Australia.

Advise them that the tax rates for working holiday makers on a 417 or 462 visa changed and two different rates apply for their 2017 tax returns.

Taxpayers must pay:
  • the marginal rate of tax for any income they earned up to 31 December 2016. This will be at foreign resident rates for most of your clients.
  • 15% tax on income earned from 1 January 2017 up to $37,000 after which normal tax rates apply

ATO will review residency when processing taxpayers' tax returns. If it is inconsistent with other information we hold, ATO will adjust the residency status before issuing their notice of assessment.

Source: 
Are you an Australian residency for tax purposes
Working holiday makers

1 Comment
best essay reviews link
21/2/2018 08:33:25

Holiday is time of enjoyment with friends and families. Mostly men enjoy it with best sleep and i think it also good to release the tension of complete week.

Reply



Leave a Reply.

      Contact Us

    Submit

    Archives

    August 2020
    November 2019
    August 2019
    October 2018
    June 2018
    May 2018
    April 2018
    March 2018
    January 2018
    November 2017
    October 2017
    September 2017
    August 2017
    July 2017
    June 2017
    May 2017
    April 2017
    March 2017
    February 2017

    Categories

    All
    Accounting
    Business Innovation
    Consulting
    Legal
    Migration
    Realty
    Skilled Visa
    Temporary Work Visa
    Visa 188
    Visa 457
    Working Visa

62 Sanders Street UPPER MOUNT GRAVATT QLD 4122
​

Contact Us

Submit
  • Home
  • About
  • CEL Accountants
    • Accounting Service Packages
    • Business Advisory
  • CEL Consulting
  • CEL Legal
  • Les Freedman & Co
  • Newsletters
  • Resources and Links
  • Contact