Taxation Archives - Page 2 of 2

Education Tax Refund

The Education Tax Refund (ETR) is available for families who are able to claim Family Tax Benefit part A, or a few other benefits, enabling them to claim part of the education related costs of their children. The basic rule… Read the rest

Tax File Number Application

All workers in Australia require a Tax File Number, so that tax is deducted correctly. No tax File Number will mean that Tax will be deducted at the maximum rate, up near 50% of earnings. Here is the link for… Read the rest

Superannuation owed to British Working Holiday Visa Holders

Superannuation owed to British Working Holiday Visa Holders in Australia

Recent reports that the Australian Superannuation scheme is holding about $5.4 billion of unclaimed superannuation money in about 6.1 million accounts, makes me wonder how much of this Superannuation is… Read the rest

The British Non Residency Test

Many British Expats will assume that once they are living in another country, that they are no longer under the watchful eye of the British Inland Revenue. However, it has recently been shown that many of us have misunderstood the… Read the rest

Medicare Levy on a Student Visa

The Medicare Levy is an Australian Government charge of 1.5% to help towards the costs of the Australian Medical System know as Medicare. A Student Visa holder, in Australia for over 6 months is normally classed as an Australian Resident… Read the rest

Income Tax on a Student Visa

Australian Income Tax on a Student Visa

Income Tax rates are different depending on whether a person is classed as Tax Resident in Australia or not. The main difference is that a Tax Resident earner is able to earn the… Read the rest

Australian Company Tax Rate

The following rates of tax apply to companies for the: 2009-2010 30% for companies, including corporate limited partnerships, strata title bodies corporate, trustees of corporate unit trusts and public trading trusts. 2012-2013 28% Small Companies 30% Large Companies 2013-2014 28%… Read the rest

Tax Rate Comparison UK-AUS

Comparison of Australian and UK wage and tax rates July 2009 Average Earners Based on the average/median Male Full time earnings for each country. Total deductions as a percentage of gross earnings 23.9% UK 23.7% Aus Note: An extra, non… Read the rest

Tax System Comparison UK-Aus

The Tax system in Australia may appear ‘similar’ to the UK tax sytem, but there are actually many differences. These differences result in the majority of Australian taxpayers getting a tax refund at the end of every year. Both the… Read the rest