As an American currently living in Australia on a Work and Holiday (462) Visa, I have a small but significant correction to make: foreigners on a 462 Visa aren't actually able to file as residents for tax purposes.
Which means that rather than paying 0% tax, I'm paying about 32% tax. (And that's a lot, but it's still better than what I'd be paying if I didn't have an Australian tax file number. If you don't have one, you can end up paying up to 45%.) I have yet to find out if I'll get any of that money back when I leave.
When I first got here, I was hopeful ... (read more)
As an American currently living in Australia on a Work and Holiday (462) Visa, I have a small but significant correction to make: foreigners on a 462 Visa aren't actually able to file as residents for tax purposes.
Which means that rather than paying 0% tax, I'm paying about 32% tax. (And that's a lot, but it's still better than what I'd be paying if I didn't have an Australian tax file number. If you don't have one, you can end up paying up to 45%.) I have yet to find out if I'll get any of that money back when I leave.
When I first got here, I was hopeful ... (read more)