Here we explain how you should pay taxes based on your income during the financial year. Additionally, find out if you meet the requirements to be this type of taxpayer.
IIf you have worked legally in Australia with a visa or work permit, the first question to ask yourself is:
Am I a tax resident in Australia?
To answer this question, we must take into account several requirements:
- You have always lived in Australia, or you came later but were granted a permanent resident visa.
- You came to Australia, or while being here, you were granted a different visa than a Work and Holiday (this includes Covid Visa and Nil-back obtained after a Work & Holiday).
The next step is to understand how your taxes are calculated. This will depend on the level of income you generate during the fiscal year.
Advice: If you are a tax resident in Australia, it is important to understand your tax obligations based on your income brackets. Make sure you meet the residency requirements and calculate your taxes correctly to avoid potential debts when filing your Tax Return.
If you have any questions, don’t hesitate to contact us.
