New obligations apply for working holiday makers and their employers.
Last September the Treasurer announced that from 1 January 2017 working holiday makers would be taxed at 19% on earnings up to $37,000. Then, in November it was announced that there would be a further tax rate cut from 19% to 15%.
Despite some upset, the Government advises that the changes are in place to benefit working holiday makers.
For employers, the following is required:
If you’d like to know more about the changes do not hesitate to give us a call on 03 5443 0344.