The average backpacker tax return is $2500! With many working holiday makers getting much more! Money Money Money!!! So what are you waiting for, it’s time to claim your tax back and get some extra cash for that Byron Bay, Great Barrier Reef ,Thailand getaway or simply pay your credit card back.

The Australian financial year runs from July 1st to June 30th and upon completion you’re eligible to lodge your return and get your hard earned money back. So now you know where the missing chunk of your pay has been going. If your leaving prior to the finish of the financial year and will no longer be working in Australia you can lodge your tax return in advance via what is called an Early Assessment.

We all know money keeps the trip going a little bit longer, get organised now and start planning your tax refund so you can get it as soon as possible!

 

Taxation Rates

 

Residents for Tax Purposes

Taxable income Tax on this income
0 – $18,201 Nil
18,201 – $37,000 19c for each $1 over $18,201
$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
$180,001 and over $54,547 plus 45c for each $1 over $180,000

 

Non Resident for Tax Purposes

The following rates for 2014-15 apply from 1 July 2014.

Taxable income Tax on this income
0 – $18,201 32.5c for each $1
$80,001 – $180,000 $26,000 plus 37c for each $1 over $80,000
$180,001 and over $63,000 plus 45c for each $1 over $180,000

Apply for your tax refund now.