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As an Australian citizen, it is your duty to file the income tax properly as per proper government guidelines. It is important to have a proper tax returns update which can help you avoid any further penalty and restore the image in the banking sector. Whether you are getting the income from another country and paying the tax there, if you are an Australian then you are obliged to make tax returns in Australia. An expert tax return consultant in Australia can help you file proper tax returns in Australia. It will be interesting to know few of the tax-related aspects here. Make sure that you have all the details of the income earned through different sources.
Last date for tax returns Australia:
The tax year for the Australian is till 30th June. If a person worked there in 2019 then they have to file the necessary tax returns. All the earning and tax paid must be given accordingly.
How to file tax returns in Australia?
- 1.Online tax return filing
- 2.Proper paper tax returns filing
- 3.Advice from proper tax return consultant
Tax filing in Australia:
If you are a foreigner and working in Australia then the tax to be paid depends on your status of residency. For the first six months, as per the law of Australia, you are considered a foreign citizen. Higher tax is levied from the foreign person working and earning here. However, when you become a resident of Australia you can get the proper tax refund on it.
Australian tax refund:
For the resident of Australia, the tax paid depends on different factors depending on the work profile and earnings. However, all these will fall under the Australian resident category. In case, a foreign person earning in Australia then they will be considered as a foreigner for the first 182 days where the tax is more. Foreign workers who work in Australia will mostly get nice returns here.
Tax tips in Australia:
- Make proper filing with expert advice when you are claiming for the expenses associated with like travel expenses, vehicle, expenses, etc.
- All the necessary information on the earning must be taken before only.
- Tax filing before the given date
- For foreigners, when you are leaving Australia, apply for super annuation.
- Approach expert tax consultant while filing the tax return in Australia.
Tax exemption:
There are certain cases where you may be exempted from the tax in Australia. If you are from the police force, defense force, part of the organization who works for aiding good cause work, and few such professions. A tax consultant can guide you better on the tax exemption wherever applicable.
Meru Accounting, an accounting service provider company, provides a better tax return consultant in Australia. They have managed to file tax returns in
Australia to many of the people. Meru Accounting also provides different bookkeeping and other accounting services. They aim to provide accuracy in the accounting service they provide.
