The Tax Return is a mandatory process for all workers in Australia, including foreigners. It involves declaring your annual income and the taxes you’ve paid during the fiscal year (from July 1 to June 30). Here’s everything you need to know to comply with this process:
Who must file a tax return?
All workers in Australia who generate income are required to file a tax return, including those under a temporary work visa.
Important: If your total income is below the tax threshold, you may not have to pay taxes, but you are still required to file your return.
Useful tips:
– Keep all your documents: Save digital and physical copies of your receipts, payment summaries, and any other tax documents.
– Consult an expert: If you have questions about your tax situation or how to maximize your refund, seek professional help.
– Avoid Early Tax Return: Filing your return before the fiscal year ends can result in errors or smaller refunds.
Don’t hesitate to contact us if you have any questions.