Your employers are required to withhold tax from your salary and pay this to the Australian Tax Office (ATO). At the conclusion of the financial year or when you finish your working holiday and leave Australia you could be entitled to claim a large proportion of these tax payments back.
The Australian financial year runs from July 1st to June 30th and if you’re eligible upon completion ( or when you leave Aus) you’ll to lodge your return and get your hard earned money back. So now you know where the missing chunk of your pay has been going. If you’re not an Australian resident for tax purposes that chunk is 32% of your total income. If you’re leaving prior to the end of the financial year and will no longer be working in Australia you can lodge your tax return early. Below you will find all the necessary information you need to get your tax refund sorted.
Want to know how much Tax you should be paying? Not sure what the Australian Tax Brackets are? Are you a resident or Non Resident for Tax Purposes? Get all your basic tax information questions answered below
Taxation is no simple matter, let alone when you’re in a foreign country. Here you’ll find a price comparison off each specialist backpacker tax agent and their rates and what to expect when claiming your refund.
As a working holidaymaker in Oz, you’ll pay about 13-32% tax. When the tax year ends (June 30) or when leaving Australia you can claim your refund and top up your bank account. The average refund is $2600, what are you waiting for!
Don’t know which Tax Agent to use? Check our reviews of Tax Agents that service working holiday makers. From here you can make the decision of whom you will trust to prepare your refund.