[A_New_Chapter_In_Life]

I will be moving to Oz very soon under visa 457.
Can anyone please kindly advise if I can claim, if any or more, tax deduction as a non-resident, compared to if my status is a resident?
My understanding is that LAFHA is mostly not applicable since I will just station and work in Sydney only. Is it true?
Also, if there any way I can claim any tax reduction for supporting my parent and parent-in-law who are 100% rely on me but are not living with me, neither moving to Australia with me.
Any advice, suggestion and thought is sincerely appreciated.
Thank you very much.

 

[Jayceee]

Hi,

These are the tax rates until 30 June 2012;

http://www.ato.gov.au/businesses/content.aspx?doc=/content/33283.htm&alias=taxtables

These are the new rates from 1 July 2012, which are less than this year's to offset the carbon tax;

http://www.ato.gov.au/content/00309813.htm

You can't claim for dependents unless they are in Australia

Jayceee

 

[naoto]

Jaycee is correct.

If you are coming on 457 you are a resident for Australian for tax purposes. So the tax rates provided by Jaycee (second link) will apply to you as well.

Residency Am I an Australian resident for tax purposes?

 

[A_New_Chapter_In_Life]

Thanks very much, Jaycee.

I intend to be Australia PR/citizen in the long run and just wonder if there is any additional benefit by keeping my status as foreigner in the immediate term.
Any idea?

Once again, thank you for advice.
Have a nice day!

 

[A_New_Chapter_In_Life]

Ok, if I am a resident from Australia tax perspective, do I have to declare any of my oversea income?
Any difference from tax perspective if I am a normal resident under visa 457 compared to if I am a PR (permanent resident)?

 

[A_New_Chapter_In_Life]

Thanks, Naoto

I will be moving from Japan to Australia.
Although the tax rates seem close between these two countries, in my case with many dependants living abroad and apart, the effective tax rate is much higher for me in Australia.....which is quite an additional financial burden for me.
Do you know if there is any family support related benefit which may help?

 

[Guest]

There is no family support/rebates for temporary visa holders, not even for PR if the family/dependents are not also resident in Australia.

 

[A_New_Chapter_In_Life]

I see, thank you for clarifying this
I guess the earlier I apply for PR the better it is for me.
Have a nice day!

 

[AussieFemmeInFrance]

Ok, if I am a resident from Australia tax perspective, do I have to declare any of my oversea income?
Any difference from tax perspective if I am a normal resident under visa 457 compared to if I am a PR (permanent resident)?

Hello, if you are an Australian resident, you must claim all foreign income in your tax return.

 

[A_New_Chapter_In_Life]

Understood, thanks for your tip

 

[naoto]

Hello, if you are an Australian resident, you must claim all foreign income in your tax return.

As non PR he, probably, doesn't have to declare non Australian income. It's quite complex I would suggest talking to an agent (HR&Block example, they have offices everywhere). It costs $50 approx and fully tax deductible. At least you would know a correct answer, I wouldn't reply on forums that much. .

 

[A_New_Chapter_In_Life]

Fair enough thanks for considerate advice

 

[mumcciev]

On What are tax levied for an Income from a 457 visa holder.
like the
Income
fringe benefits
Medicare levy
Medicare levy surcharge



Is the supernannuation contributions both from Employer & Employee, what is the %.