In Australia, workers are entitled to receive their tax refund money if they have not earned over $18,200 in a tax year. The tax year is June 1st to July 31st that most visitors who are working may not have been in the country that amount of time. Backpackers and holiday workers are still entitled to a full refund if they have lived and worked for six months in Australia. The process of getting tax back is very easy to file for and is required by law to do.check this article for more updates.
How can I apply for my Tax Return?
Most people prefer to use a Tax Agent to file for their tax returns. The reason is because most agents can do it quickly and get a full refund within twenty-four hours. Simply bring in all of the proper paperwork so the agent is able to apply to the Australian government on your behalf for a full refund. The required paperwork consists of the following:
• Final pay slip or PAYG provided by the employer.
• The Tax File Number
• Your bank account for early deposit
• Expenses incurred while working in the country for work or living expenses.
The other method to file is by going on the government website www.taxreturn247.com.au where you will find all the information you need and the proper forms to fill out. It is advisable to only use this system if you know how to claim any deductions that you are entitled. There is a possibility of obtaining as much as $2,600, so it is well worth your effort to file. Remember this method will take you up to three weeks before you receive your tax money. Be sure to file at least one month before you plan on leaving the country.
Those who have lived and worked in Australia for at least six months are entitled to getting the tax money that their employer held from their wages while they were working. Those who earned as little as $18,200 or less usually receives tax back for the whole amount paid while working. Many backpackers and holiday workers are entitled to a refund and should apply through a tax agent. Most tax agents only charge about 10% of your return and collect when you are refunded. That is a small amount to pay to get a handsome return on money that you have already paid out to the government.
Those who lived and worked in Australia for six months to a year are entitled to a tax refund. It is necessary to file in order to receive a tax refund. It is actually the law that you do file for a tax refund. Filing for your tax money is easy. It can be done by two easy methods the use of a Tax Agent to file for you or by going to the Australian website and filing online. Make sure you have all the necessary paperwork to ensure your swift tax return of tax money.