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Government Proposes Huge Increase to Backpacker Tax

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  The 2015 government budget is out, typically something for everyday Australian’s to worry about but this year is completely different. A provision has been placed that will affect working holiday makers from July 1 2016. All 417 and 462 working holiday makers will lose the tax free threshold, meaning every day you earn on the working holiday visa will be subject to tax, tax at a rate of 32.5%. ( If legislation passed) The Current Working Holiday / Backpacker Tax Situation   Currently anyone on an Australian working holiday visa will be exempt from tax on the first $18,200 Read more