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Who Qualifies for an Australian Tax Refund
Backpackers, holidaymakers, students, and holders of 417 Visa may be eligible for an Australian tax refund, provided that they meet certain requirements.
For instance, you must be in Australia for 6 months before you can apply for tax back. This means, claiming back tax when you have returned to your home country is an opportunity missed. It is important that you determine your residency tax status before you lodge an application, as this will determine your individual circumstances or how your tax will be treated.
How to Apply for an Australian Tax Refund From The UK
To apply for Australian tax back, you must have your final pay slip or PAYG in order. This will make the entire process easier on your part, and you won’t need to spend extra time and energy to track it down. You also need to file tax return at the end of the tax year, which runs from 1st July to 30th June.
Australian Tax File Number
Before you start earning in Australia, it is also important to note that you need to provide your employer with your tax file number within the first 30 days, so you don’t end up paying emergency tax, which is the usual culprit for overpaying tax. Although this can mean a bigger tax back claim, the amount of deduction may cause financial problems during your stay in Australia.
To ensure that you get the maximum legal tax refund, refer to a tax expert that can help you with your individual circumstances. If you have yet to look for your PAYG, a company that will help you look for it, will prove most advantageous.