Living in Australia, even if you think you abide by the law, but ignoring a few small details can cause you a lot of trouble, such as this thing that many people may be aware of: tax returns.
In Australia, as long as you have problems in paying taxes, if you pay taxes, you will be repatriated, if you are heavy, you will go to jail, or even repatriate!
Moreover, this year's ATO (Australian Inland Revenue Department) will launch the most rigorous review in history, all your personal information can not be hidden!
If there is no honest tax return, it may really be a disaster!
According to ABC News, ATO will crack down on the previous A $8.7 billion tax evasion this year.
Hundreds of thousands of Australians are expected to receive letters asking for explanation this year.
This year, ATO will focus on censoring false reimbursement credits at work, investing in real estate deductions and sharing the benefits of the economic platform.
And a series of online data, such as public facilities, bridge tolls, social media and so on, will all be censored by ATO.
This time it can be said that the tax evaders have been laid out!
Mark Chapman, director of tax communications at H ü r Block, said.
"this year government has provided ATO with additional resources to support its efforts to combat tax evasion.
ATO will review more job-related income and property matches correctly and can review more data about encrypted currencies and shared economic. "
Mr. Chapman said that after "hundreds of thousands of people" were marked as abnormal after paying taxes or ATO found undeclared income by cross-checking data provided by third parties, ATO would send "requests for explanation" to these people. If you can't give ATO a reasonable explanation, wait for a huge fine.
"Audit is only an integral part, and ATO can now conduct a large number of investigations in this field through technology, matching with a wider range of benchmark and data, as long as there is a certain error with the content of the declaration. The applicant will be asked to give a reasonable explanation. "
The most important thing, Mr. Chapman said, is to keep in mind that if you have "unverifiable sources of funding, make sure you have received a receipt or bank statement certifying that you have paid the fee."
In addition to failing to pay taxes as required, this year the ATO will also step up efforts to crack down on illegal additional tax claims.
More than 2.2 million Australians applied for tax breaks of more than A $47 billion in fiscal year 2017, including work-related fees and rent breaks.
This year, however, the ATO warned that deliberately applying for additional tax breaks could be punished by a fine of up to 75 per cent
Last year, ATO conducted tax breaks on more than 1500 taxpayer and fined A $1.3 million.
"We expect the number of in-depth audits we will more than double this year to 4500, and once problems are found, the penalty will not be condoned to the end!" Mr. Siebert said.
"our auditors can search for more data this year, including utilities, tolls, social media and other online content, to determine whether taxpayer is entitled to the relief they are applying for."
Under the Australian tax Act, all Australian taxable residents are obliged to file tax returns with the Australian Taxation Office. The tax reporting season for each fiscal year is between July 1 and October 31st.
If you want to file for tax relief, be sure to declare properly, otherwise, once found out, it may not be as simple as being rejected.
For example, according to the Associate Director of Taxation, Kath Anderson, for example, this includes, for example,:
Home office, work fee expenses, mobile phones, Internet, overtime catering costs, tools and equipment pointed out, and so on.
If you want to report work-related points out, you must collect complete and sufficient "evidence" to prove that the expenditure is real, and the amount of expenditure is consistent with the amount you report.
These "evidence" include: transaction vouchers, receipts, etc.
Kath Anderson said the tax bureau returns a large number of tax rebates every year because of a lack of evidence to prove expenditure. She doesn't think it's difficult to collect these electronic receipts.
Keep in mind that ATO approved expense vouchers need to meet the following three points:
- The taxable person did pay for the declared items of expenditure and was not compensated;
- This expenditure is indeed related to taxable income, not private expenditure;
- The proof provided must be able to prove the authenticity of the expenditure.
Therefore, if you want to get a tax credit, you must provide sufficient and correct proof of proof, otherwise, you can only honestly pay the full amount of taxes and fees that are not deducted from expenses!
If you are a small business:
Please do not hold a trace of fluke psychology, think that they are cash settlement, should not be found out by the tax bureau.
In the new round of strict investigation, the Taxation Bureau will also send special staff to carry out inspections, among which there will be no shortage of Chinese-speaking tax Bureau staff, who will conduct a series of tests and assessments, including the number of guests in and out of the shop for a certain period of time. The transaction amount is counted, and according to these information, combined with the store accounting, the comparison and comprehensive evaluation are carried out.
Once it is found that the operator has unreasonable declaration of tax behavior, light will pay enough taxes and fines, heavy will face criminal punishment, directly locked up in prison!
If you are an individual holding an overseas visa:
As the key group of this strict trial, if you are foreign students, overseas workers, tourists, etc., please pay special attention to whether you have correctly filed tax returns to the Australian Taxation Bureau.
Take international students as an example:
If your annual income in Australia is less than $18200, but you still have to file a tax return as long as you have the following:
- You have a job income, although the total income is less than $18200;
- You don't work, but you have deposits in your bank account, where the interest generated by these deposits needs to be declared to the Inland Revenue Department.
If you intend to apply for Australian status, please do not allow any "doubts" on your personal records, and formal tax returns, taxes, tax rebates are for you to submit Australian PR applications for escort in the future.
If you do not have any income, or if the income is less than the starting point of $18200 per year, please submit a certificate of no income to the Inland Revenue Department between July 1 and October 31, each year: Non-Lodgment Advice.
You can find this form at the following Web site:
https://www.ato.gov.au/uploadedFiles/Content/MEI/downloads/Non-lodgment-advice-2017.pdf
If you don't have income, but you don't know how to pay taxes on your bank deposits, please apply for an Australian tax number, and then don't worry, because the bank will automatically follow your tax number. This part of the interest income is automatically deducted from tax.
The Australian tax number application address is here, there is no application for the small partner to deal with it!
https://www.ato.gov.au/Individuals/Tax-file-number/Apply-for-a-TFN/
If you get the salary in cash,
Don't get away with it! It used to be okay because the Taxation Bureau didn't work hard to find out, but now it's going to look into it, and all the problems will be exposed in an instant!
In Australia, employers pay withholding taxes in addition to their net employees' salaries, as well as pension.
If you especially like to "show off your wealth" on social media
In other words, those "fake socialites" and "fake rich second generation" of, Time line are really going to stop this time. Don't burn the blind cosmetics all the time.
Take a business class if you don't say anything about it.
You know, as long as these things are found out by the tax bureau, you may have to fall into bad luck!
Because the tax bureau may think that the tax records you file every year do not match your real life!
The Australian Taxation Office is looking for you to talk: Please explain where the money for this face of hyaluronic acid and prosthesis comes from?
In order to find out the``bottom'' , the tax bureau also specially arranged some data personnel to collect various kinds of evidence on the social account of the vehicle under investigation,
As soon as the strange situation was found, the trouble of the dazzling rich came.
For example,
If you report an annual salary of $80, 000 to the tax bureau, all the accounts seem to be fine, but from the photo on your Facebook po, the tax bureau finds that you often travel abroad deluxe. If all the children in the family attend private schools with high tuition fees, the tax Bureau will suspect:
The income you report does not match your real income. What income may have been hidden!
Similarly, if you report a payment certificate indicating that you have a home office expense in January,
But on your social account, the tax office found that you were traveling abroad in January, which clearly makes no sense.
If you have problems with your taxes in the last three years and are found out, the consequences will be.
Once ATO finds out that there is something wrong with your tax situation, it will first let you make up for the outstanding taxes and pay the corresponding fine.
Total Penalty=75%of tax difference+8.72%interest.
If it fails to file a tax return in accordance with the relevant provisions of the Australian tax law, ATO will charge a fine ranging from A $210 to A $8050;
Serious violators may go to jail;
Violations include not only tax evasion, but also misreporting, false reporting, misreporting, evening newspaper and so on.
Obviously, this time the Australian Taxation Bureau will join forces with the Immigration Bureau to give a heavy punch to those who don ' t pay taxes!
Seeing this, I hope that all Chinese friends in Australia will be aware of the seriousness of the problem.
If there are other items in your income in addition to fixed salary, such as real estate, securities, the tax involves more complex items, such as PSYG, ABN, GST, Capital Gains and so on. So here are some tips that may help you avoid unnecessary trouble for yourself:
- Find a professional accountant to help you deal with the tax, if the accountant's mistake caused the final tax problems, we can waive some, or even all of the resulting fines!
- Keeping your own expense vouchers can be of great help when providing tax returns to accountants.
- Apply for an ABN, or participate in a variety of business projects, broaden your own tax rebate channels,
The above suggestions are some small suggestions for reasonable tax avoidance. We may as well refer to our own actual situation.
At the same time, I would like to remind you: please do not take chances, take risks, do an honest taxpayer, can reduce a lot of unnecessary marijuana annoyance oh!