Emigration to Australia, because its policy requires immigrants to go to the local business, so Australian immigrants should know more about Australia's tax knowledge.
Federal goverment taxes are enacted by Congress, administered by Australia's Treasury Secretary and supervised by Commissioner (ATO) of the Inland Revenue Service.
The IRD levies mainly taxes approved by Congress, with the exception of Guan Rui. In addition, the General Administration of Taxation is responsible for providing assistance and advice to taxpayers and their agents.
The taxes on behalf of the federal government include that these taxes and medical insurance taxes have a direct effect on the vast majority of those living in australia.
income tax
Income tax is a tax on income, such as wages. Income tax is paid through the following channels: individuals, trust agencies, companies, pensions. The tax rates for residents and non-residents are listed below.
Medical insurance tax
The health insurance tax, which is levied by the General Administration of Taxation, participates in the universal health care system and currently accounts for 1.5 percent of taxable income.
Consumption tax (GST)
Excise taxes are levied on the vast majority of goods, services or other goods sold or consumed in Australia, with a 10% share.
Major foods (such as meat, fruits, vegetables), export goods, some education and medical services, nursing home care and several other special items are exempted from the tax.
Income tax return form
Income tax returns are forms that taxpayers usually submit to the Inland Revenue Authority shortly after the end of the tax year. The Inland Revenue Bureau calls it "filling out tax return forms."
Tax return forms require gross income, tax deductions, tax offsets, and so on.
The State Administration of Taxation then calculates the tax payable on the basis of what the taxpayers fill in.
For example, if a taxpayer deducts more tax from a salary than is payable, the difference is returned to the taxpayer.
If the amount of tax payable is more than deductions, the taxpayer will receive a notice of compensation, including the amount and time, etc.
Return form of income tax
If an Australian resident is taxed more than the tax-deductible amount, a tax return form must be filed in the relevant year. Tax return forms must be completed before October 31 of that year.
The tax bureau will publish a "tax package" containing a large amount of information to help the taxpayer to fill in the tax return form.
The tax Pack also describes how to fill out tax return forms via e-tax on the Internet. The tax package is free of charge and can be obtained from newspaper dealers and the General Administration of Taxation.
The tax package includes a personal tax return form. Non-residents with income in Australia are also required to file a tax return form, which must be handed in by October 31. Non-residents are not entitled to pay tax-free treatment.
The taxpayer may fill in the tax return form on his own, or entrust the registered tax agent to fill in the form. The tax package describes how to determine whether a tax agent is registered.
Australian resident
If you own a permanent home in Australia, you are considered a resident, even if you often do not live in Australia.
If an immigrant goes to Australia and wants to live permanently, the immigrant is considered a resident on income tax classification from the date of his arrival in Australia.
On this issue, the Inland Revenue Department will help taxpayers determine the status of permanent residents.
Non-Australian resident
Even if you are not an Australian resident, you must pay taxes on your income in Australia. Non-permanent residents pay different taxes than permanent residents.
Tax file number (TFN)
An individual's tax file number is a set of 9-digit numbers issued by the Inland Revenue Department to taxpayers. Mainly is the combination of other personal information, bearing personal tax records.
Tax file number is confidential information, if not authorized to divulge, will be severely punished.
Tax file number application form
The tax file number application form is a form submitted by the taxpayer to the Inland Revenue Department to obtain the tax file number. The tax file number can only be applied to the Inland Revenue Department.
The application period is generally 28 days, but the online application will be different. The taxpayer must provide true and valid personal identification. The Inland Revenue Bureau can be consulted by telephone on how to obtain forms and relevant information, and how to apply online, etc.
Tax file number statement
The employer or payer of the taxpayer calculates the amount of tax payable to the taxpayer by filling out this form.
If a taxpayer has salary income or other recurrent income (such as a pension), the employer or the pension-paying foundation will require the taxpayer to fill in the tax filing number on the statement.
If the taxpayer refuses to fill in the number on the statement or does not have the number, the taxpayer's income will be taxed at the highest rate (currently 47% plus 1.5% medical insurance)
The Department of Taxation also publishes a handbook called the tax system for entry into Australia-taxpayer guidelines. Individuals can be obtained by telephone from the General Administration of Taxation.
If taxpayers come from non-English-speaking countries, or if their incomes are meagre, taxpayers can participate free of charge in the tax Aid Program sponsored by the General Administration of Taxation.
Under the plan, the tax administration will send trained volunteers to help taxpayers fill out tax return forms. Such services are limited and are conducted only in part of each tax year.
The Inland Revenue Department will explain to taxpayers whether the service is available and whether it is available to the taxpayer.
