Australian Tax on Overseas Purchases

How Much Tax is Paid when Buying from Overseas

When buying goods from overseas there is a consideration for Import duty and taxes for those goods. There is also a processing charge for making an Import Declaration. However, there is… Read the rest

How Much Tax is Paid when Buying from Overseas

When buying goods from overseas there is a consideration for Import duty and taxes for those goods. There is also a processing charge for making an Import Declaration. However, there is… Read the rest

Income Tax Rates for Foreign Residents in Australia

Income Tax Rates for Foreigners not Tax Resident in Australia

Different Tax Rules apply for individuals who are ‘foreign residents for tax purposes’ in Australia

The 2016-17 Non Tax Resident TAX rates are:

32.5c for each $1 on incomes up… Read the rest

Income Tax Rates for Foreigners not Tax Resident in Australia

Different Tax Rules apply for individuals who are ‘foreign residents for tax purposes’ in Australia

The 2016-17 Non Tax Resident TAX rates are:

32.5c for each $1 on incomes up… Read the rest

Income Tax Rates 2016-2017

Income Tax in Australia 2016 – 2017

A resident taxpayer in Australia who earns $18,200 or under, in the year, will pay NO tax on that income. If the annual income is $37,000 then the tax payable is $3,572. This… Read the rest

Income Tax in Australia 2016 – 2017

A resident taxpayer in Australia who earns $18,200 or under, in the year, will pay NO tax on that income. If the annual income is $37,000 then the tax payable is $3,572. This… Read the rest

UK Tax Office to get Automatic Shared data from Australia

Australia will soon be automatically sharing Financial Data with UK

Automatic information-sharing between banks across the world means HM Revenue & Customs will soon be able to catch evaders almost anywhere. More than 90 jurisdictions (INCLUDING AUSTRALIA) will begin to… Read the rest

Australian Superannuation Co-contribution scheme

Australian Superannuation Co-contribution scheme

The super co-contribution scheme is designed to assist eligible individuals to save for their retirement. If you are eligible and make personal super contributions during a financial year, the government will match your contribution with a… Read the rest

Low Income Superannuation Contribution

Australian Low income superannuation contribution

[important]This has now been SUSPENDED following changes to the Minerals Resource Rent Tax Repeal and Other Measures Bills in September 2014 [/important] The low income superannuation contribution (LISC) is a superannuation contribution made on behalf… Read the rest

Income Tax Rates 2015-2016

Income Tax in Australia 2015 – 2016

A resident taxpayer in Australia who earns $18,200 or under, in the year, will pay NO tax on that income. If the annual income is $37,000 then the tax payable is $3,572. This… Read the rest

Income Tax in Australia 2015 – 2016

A resident taxpayer in Australia who earns $18,200 or under, in the year, will pay NO tax on that income. If the annual income is $37,000 then the tax payable is $3,572. This… Read the rest

Education Tax Refund to be Replaced by SchoolKids Bonus

A means-tested SchoolKids Bonus to replace the existing Education Tax Refund has been announced by Prime Minister Julia Gillard as a bonus for one million families with school-aged children. Parents will receive this bonus for each child in school, where… Read the rest

LAFHA – Living Away From Home Allowance – to be abolished

Living Away From Home Allowance abolished

The popular Living Away From Home Allowance (LAFHA) being claimed by temporary overseas workers in Australia is set to cease from July 2012. The effect of this is that many people currently claiming this… Read the rest

Living Away From Home Allowance abolished

The popular Living Away From Home Allowance (LAFHA) being claimed by temporary overseas workers in Australia is set to cease from July 2012. The effect of this is that many people currently claiming this… Read the rest