
Tax returns and tax refunds for Backpackers and Student in Sydney, Australia
Hi getting to the end of the tax year, hearing about having to file your tax return, there is nothing to worry about, just contact one of our tax agents and you will perhaps find a happy surprise in the form of a tax refund or help you compute your sole trader tax rate.
All people who work in Australia are required to pay tax on any income earned, there is a basic threshold at present and then you will get taxed, sometimes you have not earned enough but have been taxed on the assumption you are working for a full twelve months, if you have only worked for a few months before the tax year end you may be able to get a refund if you have been taxed too much by your employer.
Students should also make sure they complete a tax return, many can only work 20 hours a week and as such may not reach the tax free threshold but may have been taxed by the employer so there is likely to be a tax refund.
Working holiday visa holder should also complete a tax return, it is best you visit an accountant who is familiar with Australian tax laws and tax returns, there may be genuine costs associated with your work that may be an allowable tax expense, the result might be a tax refund payable to you.
If you have left Australia without completing a tax return, then our accountant can help you with the tax return process and arrange for any refunds to be re patriated back to your country of origin.
If you are a student or a working holiday visa holder, make sure you get good advice as penalties do apply if you do not comply with Australian tax law.
For more information please contact;
Backpacker Tax Refunds are one of Australia’s leading tax refund companies, with years of experience in claiming backpackers and student tax returns.
Address: First Floor, 1A Morts Road, Mortdale, Sydney, NSW 2223 (Above Fran Fashion Shoes) Phone: (02) 8065 5668 Website: www.backpackertaxrefunds.com.au