Tax Return in Australia: here’s how to do it

It’s important to be aware that if you have been in Australia for more than 6 months and have worked either full or part time, you’re legally obliged to file a tax return at the end of the tax year. The Fiscal year in Australia starts on 1 July and ends on 30 June of the next year and the deadline for filing your Australian Tax Return is 31 October. Just Australia works with Taxback.com, and offers a discount to all our clients, students and friends. 

“Our philosophy is that no one should overpay tax – says the experts – our ISO 9001 certified team is dedicated to helping you file fully compliant returns and ensuring you claim back any overpaid tax, guaranteeing peace of mind and more money in your pocket. Our average Australian tax refund is a whopping $2600!”

Taxback.com have been filing tax returns for our customers around the world since 1996. That adds up to over one million taxes filed over 21 years. It has 6 offices across Australia: Darwin, Cairns, Brisbane, Sydney, Melbourne and Perth. The team can offer tax advice, complete your tax return, and apply for your tax refund on the spot. You just need to go one of their office and quote “Just Australia”, if you want to access to the special price. 

  • Working Holiday Visa and Student visa average refund $2,600
  • Sponsorhip visa average refund $2,832

Superannuation

Superannuation or ‘super’ is a system for employees in Australia to save enough money to replace their income when they retire. It’s a mandatory, government-implemented scheme regardless of the job you do or your residency status.

In short, if you are over 18 and earned more than $450 per month working in Australia, your employer paid 9.5% of the value of your ordinary time earnings into a super fund on your behalf. But what if you don’t want to retire in Australia? Don’t worry! You can still claim some of it back after you’ve left the country.

Average Superannuation Refund is $1,908

If you are working holiday maker on a 417 or 462 visa, it’s important to note that superannuation refund will be taxed at a rate of 65% if it is processed on or after 1 July 2017. If your superannuation refund is processed before 1 July 2017, then your superannuation refund will be taxed at a rate of 38%. If you are on any other visa, the change doesn’t affect you and your super refund will still be taxed at 38%.

Tax Refund

Superannuation quick facts

  •  Superannuation payments are paid by your employer on your behalf
  •  Unclaimed super funds amount to billions
  •  It’s free to get a superannuation refund estimation with Taxback.com
  •  There is no time limit or deadline for claiming superannuation payments back
  •  To claim your super refund you will need to know the name of the fund where your contributions were made. If needs be the Taxback.com team can help you track this
  •  Yes! You can return to Australia for a holiday after you receive your super refund

Australian citizens

It is mandatory for all Australian citizens who earn above the $18,200 tax-free threshold to file a tax return. If you don’t file your return you may have to pay penalties and fines. Compliance is key and it’s best to file on time.

Taxback.com offers a special service to Australian citizens and permanent residents. Our team can file your return and also check if you are due a tax refund.

Most Australian citizens are potentially due a tax refund due to being eligible to claim work-related expenses or because of a range of other circumstances.

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