Tax lawsTax Laws for Non-Residents for residents and non-residents
Are you a resident of Australia for tax purposes ?
Non-residents are taxed only on income sourced in Australia, but Australian residents are generally taxed on all of their worldwide income.
he marginal tax rates are different for income below $37,000, and the effective tax rates are much higher for non-residents.
If you are a non-resident, you only need to lodge a tax return if you have income that is taxable in Australia.
From 1 January 2017, tourists working in Australia only for a short time are not considered residents and are subject to a special tax regime. Such working holidaymakers still need to lodge a tax return if they have income from an Australian source.
Non-residents do not pay the Medicare levy (and so cannot claim Medicare benefits), and will have 10% of any interest earned from Australian bank accounts withheld for tax. The interest is not included in assessable income, but you will need to provide an overseas address otherwise tax will be withheld at a much higher rate.
We can help to work out if you are resident or not, call us on 0456 799 959 or email us on firstname.lastname@example.org.