Introduction of Australian Immigration Individual Tax System

# Australian Immigrant # Introduction Immigrating to Australia is a plan made by China people for a better life. This plan includes children's education, asset allocation, future quality of life and many other aspects. Then in terms of asset allocation, many people will pay attention to an important issue-taxation. Here is a brief introduction to the tax system of Australian immigrants. Welcome to read!

Australian immigration tax system

First, the tax situation of people with different identities.

Some non-residents also need to declare whether they have income in Australia. Definition of residents and non-residents in Australian tax law; Residents defined in Australian tax law have nothing to do with their citizenship and nationality.

In other words, individuals with permanent resident status or citizenship are not necessarily regarded as residents as defined by Australian tax law; Individuals without permanent residency or citizenship do not mean that they cannot be recognized as taxpayers.

A resident as defined in Australian tax law meets one of the following conditions:

Taxpayers settle in Australia;

Staying in Australia for more than 183 days in a tax year;

Participate in Australia's pension plan.

However, it is worth mentioning that when assessing whether an individual is a resident recognized by the tax law, the IRS will consider other factors, including the location of the individual's main business and whether he has the intention to live in Australia for a long time, in addition to the above factors such as the place of residence and the number of days of residence.

For example, international students are residents while studying in Australia; Tourists are non-residents even if they exceed 183 days in a year; Residents who have the right of permanent residence and intend to enter the country for a long time; Parents who visit relatives on short trips are generally non-residents unless they apply for naturalization.

It should be pointed out that both residents and non-residents in Australia have to pay taxes, but there are differences. For residents, taxable income comes from within and outside Australia and is tax-free; For non-residents, taxable income is limited to Australia and there is no tax exemption.

Second, how to pay taxes in Australia

Australia's fiscal year is 1 year from July to June 30th. If an individual's income in the fiscal year exceeds the personal allowance, he/she needs to declare his/her personal income.

Paying taxes in Australia can be done by DIY or by professionals. The deadline for DIY declaration is different from the deadline for finding someone else to declare.

There will be two results after the declaration, including tax payment or tax refund. There are two ways to pay taxes, including sending a check to the Australian IRS or paying at the post office; There are also two ways to refund the tax, including asking the IRS to send you a check or asking them to deposit it in the bank.

Further Reading: Child Care Benefits of Australian Immigrants

1. Family tax incentives

Australian family tax incentives can provide benefits for Australian families for a long time. Australian family tax incentives are divided into two parts:

The annual subsidy provided by PartA is: 0- 12 years old $5493.25; 13- 19 years old $6,927.70;

There is also a subsidy for household energy expenditure: 0- 12 years old $9 1.25/ year; 13- 19 years old $ 1 16.80/ year;

The annual subsidy provided by PartB is: USD 4,409.20 for children under 5 years old; 5- 18 years old $3 186.450.

There is also a subsidy for household energy expenditure: $73.00/year for 0-5 years old; 5- 18 years old $5 1. 10/ year.

2. Newborn allowance

Australia's neonatal subsidy aims to provide short-term economic support for newborns to reduce the pressure on parents. From the beginning of pregnancy 13 weeks, the maximum allowance is 13 weeks, and the allowance for the first child is $65,438+$0,595.23, and then $532.35. The first newborn received an increase in family tax relief of $20,965,438+$0.84, and other newborns received $65,438+$0,046.25. Choose between paid maternity leave and paid maternity leave.

3. Paid maternity leave

Australia's paid maternity leave will be provided to working parents of newborns. If you leave your job because your newborn needs care, you can get this subsidy. Parents who leave their jobs because of having children can get $672.60 per week (before tax) and pay 18 weeks' subsidy. Choose between neonatal allowance and neonatal allowance.

4. Father or partner benefits

If the family is under great pressure to raise children and the father applies for unpaid leave, he can get such short-term subsidies. Fathers can get an unpaid vacation allowance of $672.60 per week (before tax) to take care of their children, but only for two weeks at most.

5. Parenting allowance

This subsidy is provided for poor parents who need to raise their children. Every two weeks, the single-parent family is $73 1.20, the parents' family is $476.40, and the parents' separated family is $570.80 (due to illness, temporary care, etc. ).

6. Child care benefits

Before receiving this subsidy, it is necessary to pass an income test to prove that the family is under great economic pressure. Preschool children spend 24 hours a week at $4.24 per hour (equivalent to $265,438+$02.00 per week). School-age children can get 85% tuition subsidy.