Many of us believe that filing a tax return is a daunting task as it involves complex financial calculations. But in reality, it isn’t that stressful and calls for little patience and attention to detail. The Australian fiscal year falls between 1 July to 30 June, and you can lodge your tax return for the previous income year before 31 October. The country’s taxation authority provides a refund to many international students who complete their tax return.
If you're an international student, working in Australia and getting paid, then you need to understand a few essential things about filing your tax return as mentioned by our experts offering taxation law assignment help to Aussie scholars:
Circumstances of Lodging a Tax Return
Being an international student, if you are earning money in Australia, then it is likely for you to file a tax return. But there are circumstances where you might not have to lodge a tax return. If you are on a student visa and working 20 hours a week or less, then you are making an income that comes under the tax-free threshold of $18,200. However, you still need to inform the Australian Tax Office (ATO) even if you are not filing a tax return.
Australian Resident for Tax Purposes
If you are studying at an Australian university and pursuing a program that lasts for six months or more, then you generally deemed as an ‘Australian resident for tax purposes.’ This means you have to declare your income on a tax return and pay tax at the same rate as other residents.
The Procedure of Filing a Tax Return
Students can file their tax returns in a number of ways within the period of 1 July to 31 October. The most feasible approach is to lodge it online at myTax through the ATO website. On visiting the site, you will be prompted to create a myGov account and link it to the ATO. Once you do that, keep on following the instructions to fill out your return online. A few other ways are:
What Will You Need?
If you are eligible to file a tax return, then you will require these things mentioned below:
No matter from which country you are, you ought to know these things about filing a tax return in Australia. If you face any issue during the process, then visit ATO website as it is one place to get your tax-related queries resolved. You may also take advice from your university’s student or financial services regarding the tax return.
Being an international student, if you don’t have a good command of the English language and struggling to draft your assignments, then you should not wait a single second to seek assistance from us. We have an incredible team of writers, proofreaders, researchers, and editors that works with all their might in providing you with the documents that score nothing less than A. Students, who take our quality writing help, get the following guarantees with every order they place:
If you're an international student, working in Australia and getting paid, then you need to understand a few essential things about filing your tax return as mentioned by our experts offering taxation law assignment help to Aussie scholars:
Circumstances of Lodging a Tax Return
Being an international student, if you are earning money in Australia, then it is likely for you to file a tax return. But there are circumstances where you might not have to lodge a tax return. If you are on a student visa and working 20 hours a week or less, then you are making an income that comes under the tax-free threshold of $18,200. However, you still need to inform the Australian Tax Office (ATO) even if you are not filing a tax return.
Australian Resident for Tax Purposes
If you are studying at an Australian university and pursuing a program that lasts for six months or more, then you generally deemed as an ‘Australian resident for tax purposes.’ This means you have to declare your income on a tax return and pay tax at the same rate as other residents.
The Procedure of Filing a Tax Return
Students can file their tax returns in a number of ways within the period of 1 July to 31 October. The most feasible approach is to lodge it online at myTax through the ATO website. On visiting the site, you will be prompted to create a myGov account and link it to the ATO. Once you do that, keep on following the instructions to fill out your return online. A few other ways are:
- Lodging the return with a registered tax agent;
- Filing a paper tax return; and
- Using the Tax Help program run by trained volunteers.
What Will You Need?
If you are eligible to file a tax return, then you will require these things mentioned below:
- Your tax file number (TFN). In case you don’t have one, apply for it now.
- A photo ID (passport, College ID, Driving License, etc.)
- Your PAYF Payment Summaries that is provided to you by your employer after 30 June.
No matter from which country you are, you ought to know these things about filing a tax return in Australia. If you face any issue during the process, then visit ATO website as it is one place to get your tax-related queries resolved. You may also take advice from your university’s student or financial services regarding the tax return.
Being an international student, if you don’t have a good command of the English language and struggling to draft your assignments, then you should not wait a single second to seek assistance from us. We have an incredible team of writers, proofreaders, researchers, and editors that works with all their might in providing you with the documents that score nothing less than A. Students, who take our quality writing help, get the following guarantees with every order they place:
- On-time delivery.
- Strict privacy policy.
- Error-free documents.
- Plagiarism-free content.
- Risk-free money back guarantee.
- Free revisions as many times as you want.
- 100% compliance with university guidelines and citation styles.
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