Tax Advice

Introduction - Australian Tax Advice

This section of Exfin provides introductory information especially tailored for non-resident Australians, future immigrants and working visitors regarding the Australian tax system, and prompt access to professional tax advice through our Inquiry forms.

While a tax resident of Australia, individuals are taxed on their worldwide income at a maximum taxable rate of 46.5%. When they become non-resident for tax purposes they become liable only for tax on Australian sourced income - an approach which differs from that of some other nationalities, such as Americans. Hence the importance of tax "residency" for Australians departing and returning to the country and why we provide some discussion of the various tests used to determine an individual's status. The tests are often very dependent, however, on an individual's personal circumstances and you are strongly advised to seek professional advice if you have any doubts about your tax status.

In Exfin's view, Australian expatriates should have a tax briefing with a professional advisor prior to leaving Australia and at a reasonable time prior to their return. There are many tax complexities and we cannot hope to address them all within the Exfin site - although we do provide some general background around the more common taxation issues and a page of FAQ's. Note that some recent changes, particularly in the area of superannuation, where the Government has increased the attractiveness of superannuation but also limited annual contributions, means it is vital that you plan your superannuation strategy since it may involve making contributions whilst overseas and prior to your return to Australia.

Most Australian tax advisors have a very domestic focus and it is important that you utilise tax advisors who are focussed and experienced on expat tax matters to ensure that you receive full and complete advice. If your specific concern is the submission of a final taxation return, or perhaps to reclaim tax and/or superannuation after the completion of a working holiday, please refer to the following page regarding the claiming of refunds while overseas.

Complete the Tax Advice Inquiry form