By: wseeto1974
5/12/2008
8:30 pm Yahoo! Profile:
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Hi Chokdee69
You could still have a tax problem if you are a resident and earning income overseas as this would need to be taken into account, even if this income is exempt foreign salary income. |
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By: en_bt
28/11/2008
4:03 pm Yahoo! Profile:
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Your sum is right but calculation is flawed !
6k x 30% = $1800 liability. 6000 threshold does not apply. |
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By: en_bt
28/11/2008
3:58 pm Yahoo! Profile:
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| There will be a Withholding Tax (non-refundable) of 15% on any dividends earned. |
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By: ecchi.gaijin
28/11/2008
11:03 am Yahoo! Profile:
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"I have a rental property (income approx 10,000) in Australia and I am an Australian citizen living and working in the UAE so I am really concerned that I am stuck either way as I could be;
1. deemed a non resident and have to pay a huge tax amount;"
You are complaining about having to pay $2900 tax in TOTAL as a non resident? STFU moron lol |
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By: lasty49
27/11/2008
3:49 pm Yahoo! Profile:
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Does anyone know how I can get around this?
First off go to the Australian Tax office and tell them what a lovely time you are having in Dubai.Secondly tell them you feel guilty about not being able to pay tax.
Im sure they will understand your problem. |
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By: toocheeky4u
17/11/2008
11:46 pm Yahoo! Profile:
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Hi
I am in the same situation. I have a rental property (income approx 10,000) in Australia and I am an Australian citizen living and working in the UAE so I am really concerned that I am stuck either way as I could be;
1. deemed a non resident and have to pay a huge tax amount; or
2. deemed a resident so I'll have to declare my income because its tax free in the UAE. I plan to bring savings into the country and it defeats the purpose of me coming over here to save it and then bring it home only to have it swallowed up by the ato..
Can anyone help me please??
Does anyone know how I can get around this??
:( |
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By: mwandfam
23/10/2008
1:18 pm Yahoo! Profile:
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| Mate everyone has to pay tax. |
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By: chokdee69
13/10/2008
12:35 pm Yahoo! Profile:
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I'm an Aussie and I've been living overseas now for 5 years. You have to be very careful because there's a fine line between a resident and no resident. If the taxation department really push the tax laws, they can deem that you are a non resident if you leave Australia for more than 184 days in the preceding 12 months irrespective whether you are an Aussie or not. In my case I get $6,000 for a small rented property, if the department deems me as a resident after the $6,000 tax break then no tax is payable but if the department deems me as a non resident then the tax break is taken away and I would have to pay tax at 30% ie. resident : $6,000 - $6,000 = no tax.
non resident : $6,000 @ 30% = $7,800 - $6,000 = $1,800 tax payable. The key issue is how long have you been out of the country when your tax ia assessed |
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By: ecchi.gaijin
13/10/2008
10:48 am Yahoo! Profile:
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| Based on the information you have given I would lean towards you being a non resident. If this is the case your bank will most likely withold tax from your interest. You will probably have to lodge a tax return in Australai. The threshold Silvdale is referring to only applies to residents. You may be able to claim the withholding tax paid on your tax return in your home country. |
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By: silvdale
11/10/2008
8:14 pm Yahoo! Profile:
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| I am afraid that is not true. Even if you are a non resident if you have an account in Australia earning interest in Australia,you will be taxed. However there is a threshold amount you need to earn before you are subject to income tax and perhaps you are under that amount. |
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By: louisaylchan
11/10/2008
12:40 pm Yahoo! Profile:
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hi , I am a foreigner having worked in australia for a couple of years and have left in 2007. I will probably be back some time in the next couple of years to work again.I have left a little bit of money in fixed deposits. I was told by my accountant before I left that i am now classified as non resident and therfore will not need to pay tax/submit tax return on the deposits. is that true?
How will i be taxed if i withdrew the money to buy some aussie stocks instead?
thanx |
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