So you’ve been working away, saving up your dollars for the next trip, will it be asia, the east coast, over to perth through the Nullarbor or even NZ? Wherever it is, you know that tax time is rapidly approaching soon, and you’re probably wondering how much tax you’re going to get back.
 

Important Facts

 
The Australian Tax Year Runs from July 1 – June 30th
If you’re not a Resident for Tax Purposed you will be taxed at a higher rate.
 

The Current 2014-2015 Tax Rates For “Residents For Tax Purposes”

 

Taxable Income	Tax on this income
0 – $18,200	Nil
$18,201 – $37,000	19c for each $1 over $18,200
$37,001 – $80,000	$3,572 plus 32.5c for each $1 over $37,000
$80,001 – $180,000	$17,547 plus 37c for each $1 over $80,000

 

The Current 2013-2014 Tax Rates for “ Non Residents” for Tax Purposes

 

Taxable Income	Tax on this income
0 – $80,000	32.5c for each $1
$80,001 – $180,000	$26,000 plus 37c for each $1 over $80,000

 

So now you’ll be asking yourself, “Am I “a resident for Tax Purposes?

 
If you arrived in the country prior to or in January 2014 then you’re deemed a “resident for tax purposes, this means you’ll be taxed like any other Aussie and will receive the 18,000 tax free threshold. Therefore every dollar you’ve been taxed up until 18k, you’ll be entitled to it!
 
If you’re not a resident for tax purposes, then you’ll be required to pay 32.5% tax on every dollar you’ve earned while in the country! That’s a huge difference!
 
Now if this also seems a bit confusing or you want to know where you stand, you can try our free Tax Refund Estimator Below, here you’ll be able to get an accurate estimate of the refund you’ll be due.
 

How Much Will My Tax Refund Be?