bharatbhasha.com
Free Articles  >>  Legal >> 

Are You a New Immigrant Know About the Tax Regulations in Australia





If you are new to Australia, itâs essential to know about Australian tax system. So that you can make sure youâre not paying too much or too little tax each year. Not only the language and landscape are different, but also the tax you pay. So, now itâs time to get your head around the Australian tax system.

Australian Tax System for Workers

Before you start your work, you need to apply for a Tax File Number (TFN). This is an identifying number used by the ATO and other government bodies. You should keep the number private and safe till your life time. In Australia, the financial year runs from 1 July to 30 June. So, the working people have to lodge a tax return with the Australian Tax Office (ATO) between 1st July and 31st October. In case, if you havenât worked that year, you still need to lodge a Non Lodgment Advice (NLA) from tax lawyer in Perth.

The tax-free threshold is the amount of income you can earn each financial year that is not taxed. As of 2018, the threshold for workers is $18,200 per year. The territory has now signed a new agreement last week after the existing agreement expired at the end of 2018. The currently available sponsored work visas are subject to a minimum income threshold of $53,900 per annum. So, to ensure you pay the right amount of tax, Read and fill a Tax File Declaration form carefully.

Common Tax Problem

Without having the right numbers for tax calculation: This could result in you having to engage other professionals apart from the legal team, and they may cause turbulence due to different approaches with each other at much higher costs.

Way to Lodge Your Tax in Australia

If youâre new to Australia, it wonât be long before you need to know your obligations regarding tax in Australia. Here is the best way that you should be familiar about to lodge your tax return. The best way to lodge your tax in Australia is to get in touch with the leading tax litigation attorney in Perth. They work to limit the clientsâ tax exposure and minimise risk.

Conclusion

Are you looking for the right attorney to lodge your tax and wondering how long it will take until you receive your hard-earned tax refund? Contact taxation lawyer in Perth as soon as possible to get instant and prompt help.


About Author Lester Ong :

The author of this article is the leading tax lawyer in Perth. In this article, he discusses the tax regulations in Australia for the new immigrants in Australia. To know more, visit https://www.munrodoig.com.au/


Article Source: https://www.bharatbhasha.com
Article Url: https://www.bharatbhasha.com/legal.php/494077


Article Added on Thursday, May 2, 2019
LD
Other Articles by Lester Ong

Why Do You Need an Experienced Tax Attorney to Help You with Your Tax Affairs
Looking for different ways to minimise the amount of tax your business has to pay is not uncommon, but, you will get into trouble easily. With the several taxes in Australia, at both State and Federal level, it can be difficult to understand the law, your duties, and obligations. Moreover, with legislation continually changing, you won’t be aware that you are avoiding your tax-paying duties until it comes to the attention of the Australian Tax Office (ATO). Fighting a tax controversy is...

Reasons Why You Need a Tax Attorney for Filing Bankruptcy
Without an attorney, an individual has the rights to file for bankruptcy and provided if the case is straightforward, representing themselves might save on attorney’s fees. However, it is not always a good idea. If you have a huge debt with the Australian Taxation Office or Revenue NSW, you should seek advice from an experienced tax lawyer in Perth to see whether your debts can be reduced or not. Moreover, if your case involves valuable assets or if you want to file for bankruptcy, filing...

Publishers / Webmasters
Article ID: 494077
DELINK URL from Authors Bio
REMOVE Article
Tell A Friend
Leave A Comment!
Download this article in PDF
Report Article!
Search through all the articles:


156 Users Online!!
Related Articles:
Latest Articles:
 
Legal >> Top 50 Articles on Legal
Category - >
Advertising Advice Affiliate Programs Automobiles
Be Your Own Mentor Careers Communication Consumers
CopyWriting Crime Domain Names DoT com Entrepreneur Corner
Ebooks Ecommerce Education Email
Entertainment Environment Family Finance And Business
Food & Drink Gardening Health & Fitness Hobbies
Home Business Home Improvement Humour House Holds
Internet And Computers Kiddos and Teens Legal Matters Mail Order
Management Marketing Marriage MetaPhysical
Motivational MultiMedia Multi Level Marketing NewsLetters
Pets Psychology Religion Parenting
Politics Sales Science Search Engine Optimization
Site Promotion Sports Technology Travel
Web Development Web Hosting WeightLoss Women's Corner
Writing Miscellaneous Articles Real Estate Arts And Crafts
Aging


Disclaimer: The information presented and opinions expressed in the articles are those of the authors
and do not necessarily represent the views of bharatbhasha.com and/or its owners.


Copyright AwareINDIA. All rights reserved || Privacy Policy || Terms Of Use || Author Guidelines || Free Articles
FAQs Link To Us || Submit An Article || Free Downloads|| Contact Us || Site Map  || Advertise with Us ||
Click here for Special webhosting packages for visitors of this website only!
Vastu Shastra

Cheap Linux Server Hosting Provided By AwareIndia







Company IDS