Special tax rules apply for those who enter Australia on a temporary visa, an example of which would be the 457 visa. It is good news, to encourage you to come! Whilst you are a temporary resident for tax purposes you only need to declare and pay tax on Australian derived income. This means, for… Read More Are you in Australia on a temporary visa?
Were you a little disappointed with your tax refund this year? If this is the case, then you are probably experiencing the wonder of the flood levy. Applying only to income earned in the 2011/12 year (at least that is the current plan) the levy adds between 0.5% and 1% to your normal tax rate, which… Read More Why is my 2012 Tax Refund Smaller than Normal?
Well, as you can imagine, with most businesses’ earnings down and the likelihood of anyone having to pay capital gains tax diminishing into the future as taxpayers carry forward their losses, the ATO are struggling for funds. So, to solve this problem, there have been a few subtle (and some not so subtle) changes that… Read More Tax Agent’s Game
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