Are you required to pay Oz Tax if you've done Initial Entry then fly outside OZ to settle stuffs?

IslanderndCity

<blockquote rel="Andoy31"><blockquote rel="wizardofOz">@Andoy31 as far as I know kahit may tax treaty... ang i-aaddress lang nun is yung double-taxation.. meaning ibabawas lang any tax na bayaran mo sa SG sa tax na due mo to AU.... since magkaiba sila ng percentage..

But basically, you still have to pay tax to Oz... yan eh as far i know.

Ito naman ang naappreciate ko sa Pinas.. hindi na tayo required magbayad ng tax sa PHL Govt sa mga earnings natin abroad...</blockquote>

ahhh got it, getting a TFN is a one way road 😛

thanks

</blockquote>

can we put numbers for better understanding po? for example you're an Au PR, done sa initial entry na, then balik SG to work muna,..

SG salary 4000 sgd

SG tax 280 sgd

how much tax you must pay to Au in that month?

wizardofOz

<blockquote rel="IslanderndCity"><blockquote rel="Andoy31"><blockquote rel="wizardofOz">@Andoy31 as far as I know kahit may tax treaty... ang i-aaddress lang nun is yung double-taxation.. meaning ibabawas lang any tax na bayaran mo sa SG sa tax na due mo to AU.... since magkaiba sila ng percentage..

But basically, you still have to pay tax to Oz... yan eh as far i know.

Ito naman ang naappreciate ko sa Pinas.. hindi na tayo required magbayad ng tax sa PHL Govt sa mga earnings natin abroad...</blockquote>

ahhh got it, getting a TFN is a one way road 😛

thanks

</blockquote>

can we put numbers for better understanding po? for example you're an Au PR, done sa initial entry na, then balik SG to work muna,..

SG salary 4000 sgd

SG tax 280 sgd

how much tax you must pay to Au in that month?</blockquote>

Bro, there are couple of factors to consider...

Here's the sample calculator from ATO

http://calculators.ato.gov.au/scripts/asp/simpletaxcalc/main.asp

Andoy31

But basically, you still have to pay tax to Oz... yan eh as far i know.

Ito naman ang naappreciate ko sa Pinas.. hindi na tayo required magbayad ng tax sa PHL Govt sa mga earnings natin abroad...</blockquote>

ahhh got it, getting a TFN is a one way road 😛

thanks

</blockquote>

can we put numbers for better understanding po? for example you're an Au PR, done sa initial entry na, then balik SG to work muna,..

SG salary 4000 sgd

SG tax 280 sgd

how much tax you must pay to Au in that month?</blockquote>

actually when i was reading the ATO site, I'm getting confused lalo 😛

will give a call to ATO sometime today and will let you guys know.

Andoy31

<blockquote rel="Andoy31"><blockquote rel="IslanderndCity"><blockquote rel="Andoy31"><blockquote rel="wizardofOz">@Andoy31 as far as I know kahit may tax treaty... ang i-aaddress lang nun is yung double-taxation.. meaning ibabawas lang any tax na bayaran mo sa SG sa tax na due mo to AU.... since magkaiba sila ng percentage..

But basically, you still have to pay tax to Oz... yan eh as far i know.

Ito naman ang naappreciate ko sa Pinas.. hindi na tayo required magbayad ng tax sa PHL Govt sa mga earnings natin abroad...</blockquote>

ahhh got it, getting a TFN is a one way road 😛

thanks

</blockquote>

can we put numbers for better understanding po? for example you're an Au PR, done sa initial entry na, then balik SG to work muna,..

SG salary 4000 sgd

SG tax 280 sgd

how much tax you must pay to Au in that month?</blockquote>

actually when i was reading the ATO site, I'm getting confused lalo 😛

will give a call to ATO sometime today and will let you guys know.</blockquote>

opps sorry - for your case sguro as long as di ka pa kumuha ng TFN - ok lang.

also if may TFN ka na, ithink uing difference ng tax ng australia and SG and kailangan mong bayaran sa AU --

anyway, i did called ATO up and the guy said na it depends whether you're an australian tax resident

https://www.ato.gov.au/Individuals/Income-and-deductions/How-much-income-tax-you-pay/Are-you-an-Australian-resident-for-tax-purposes-/

and then

https://expertsystems.ato.gov.au/scripts/CA/Web/Default.aspx?PID=68&anchor=DoINeedToLodge#DoINeedToLodge

IslanderndCity

@Andoy31 thanks. no TFN pa po ako. and balak sana kukuha this March during sa initial entry :-*

wizardofOz

Question lang with regards to Interest earned from Savings sa AU Bank

Assuming I have “not permanently” moved to OZ (i.e. I am still offshore and not moved permanently to Oz)... but I already have money in the bank (e.g. NAB Migrant Account) earning interest…

Paano kaya ang Tax nun?

gotstamped

hi @wizardofOz , may withholding tax na 10% on the interest that you earn.

ganito sa case ko.

on their records, i'm a non-resident living outside aus. at saka wala pa ako TFN.

Andoy31

<blockquote rel="wizardofOz">Question lang with regards to Interest earned from Savings sa AU Bank

Assuming I have “not permanently” moved to OZ (i.e. I am still offshore and not moved permanently to Oz)... but I already have money in the bank (e.g. NAB Migrant Account) earning interest…

Paano kaya ang Tax nun?

</blockquote>

Based sa mga nabasa ko --Assuming na wala pang tfn dun sa NAB account mo, then you'll still be taxed- the tax rate is the highest rate

IslanderndCity

<blockquote rel="wizardofOz">Question lang with regards to Interest earned from Savings sa AU Bank

Assuming I have “not permanently” moved to OZ (i.e. I am still offshore and not moved permanently to Oz)... but I already have money in the bank (e.g. NAB Migrant Account) earning interest…

Paano kaya ang Tax nun?

</blockquote>

Based sa mga nabasa ko --Assuming na wala pang tfn dun sa NAB account mo, then you'll still be taxed- the tax rate is the highest rate

</blockquote>

Are you suggesting not to get TFN if wala ka pa plan to stay in Au permanently?

Andoy31

<blockquote rel="wizardofOz">Question lang with regards to Interest earned from Savings sa AU Bank

Assuming I have “not permanently” moved to OZ (i.e. I am still offshore and not moved permanently to Oz)... but I already have money in the bank (e.g. NAB Migrant Account) earning interest…

Paano kaya ang Tax nun?

</blockquote>

Based sa mga nabasa ko --Assuming na wala pang tfn dun sa NAB account mo, then you'll still be taxed- the tax rate is the highest rate

</blockquote>

Are you suggesting not to get TFN if wala ka pa plan to stay in Au permanently?</blockquote>

Yap.. Kse mga @least 2-3 weeks daw ang delivery ng tfn sa mailbox-- i jut signed up for one and 28 days ang sabi dun sa website confirmation and ipapadala via mail

kangarookoala

If you are not in au kahit pr na and may tfn na even if working in sg or ph... You don't have to pay tax. Double taxation only works if you live in au and still receive income from abroad.

Let say may property ka in pnas and you receive rent pero yung pera naman stays in pinas. You don't need to declare that kasi the money will not be reflected in au. You are also already taxed sa pinas. There is no way for au to check ur income in your home country if d naman pumapasok sa au bank account mu.

BUT if it is deposited in au and you live in au then you will get taxed. Once the money gets into au..then double taxation will apply kasi part of your income na sya. Kaya double taxation kasi nag bayad ka ng tax sa pinas..pag dating sa au ng pera mu may tax ulit.

Money (baon) you bring in from sg/ pinas as a new migrant is not taxed kasi savings yan and not income anymore.

Like si hubby, he was in au for about half a year but he was not working. He was doing a course. He has a tfn and we asked the accountant if he needs to file for tax. The accountant said no kasi he is not working even though he did live here in au no need to pay tax. Same principle will go for unemployed and students. They don't pay income tax if they have no income in au.

Now, si hubby had to go home kasi he has work back home. during tax time i asked the accountant does he need to file for tax. Accountant said, no need kasi he has not been in au for more than a couple of weeks (holiday) for the tax year. Si hubby is p.r. Of au but hindi sya tax resident kasi he does not live in au.

kangarookoala

no tfn then taxed the highest. Not a good idea. Better keep your money with you.

TasBurrfoot

<blockquote rel="kangarookoala"> no tfn then taxed the highest. Not a good idea. Better keep your money with you. </blockquote>

Nice suggestion @kangarookoala - keep the money and earn 0%?

JCsantos

<blockquote rel="TasBurrfoot"><blockquote rel="kangarookoala"> no tfn then taxed the highest. Not a good idea. Better keep your money with you. </blockquote>

Nice suggestion @kangarookoala - keep the money and earn 0%?

</blockquote>

LOL!

JCsantos

<blockquote rel="wizardofOz">Question lang with regards to Interest earned from Savings sa AU Bank

Assuming I have “not permanently” moved to OZ (i.e. I am still offshore and not moved permanently to Oz)... but I already have money in the bank (e.g. NAB Migrant Account) earning interest…

Paano kaya ang Tax nun?

</blockquote>

I would not worry about it , you will see a tax deductions on you account statement ... and dont worry inde naman ganun kalaki yun

kangarookoala

@TasBurrfoot Ang taray ni pogi. Sorry po.

kangarookoala

<blockquote rel="kangarookoala">@TasBurrfoot uhm sobra namang sarcastic ni kuya. lol. Parang POM. I meant wala bang interest bangko sa sg or sa pinas? Wa'g itago sa cabinet yung pera kasi yan 0%. Siguro naman ok din interest sa sg banks? Siguro naman nasa bangko yung pero nyo and wala sa ilalim ng kama? Common sense ata.

@wizardofoz

Check first how much is the interest and how much is the withholding tax and bank fees kasi it may just balance it out. Like i had a separate account with bankwest. I made that account to save for certain goals. Pero in the end i had to close it down kasi the interest was cancelled out by the bank fees and the tax. Yan lng po yung sentiment ko. But nothing wrong with putting your money in au ahead of your move while mahina aud. Bow.

Ok...out na ako. Block mu na ako moderator. Salamat.

TasBurrfoot

<blockquote rel="kangarookoala"><blockquote rel="kangarookoala">@TasBurrfoot uhm sobra namang sarcastic ni kuya. lol. Parang POM. I meant wala bang interest bangko sa sg or sa pinas? Wa'g itago sa cabinet yung pera kasi yan 0%. Siguro naman ok din interest sa sg banks? Siguro naman nasa bangko yung pero nyo and wala sa ilalim ng kama? Common sense ata.

@wizardofoz

Ok...out na ako. Block mu na ako moderator. Salamat.

</blockquote>

@kangarookoala - zero percent nga interest sa mga banko in SG and Pinas... 🙂

supertoblerone

alam ko wala ka babayaran tax. Tinawagan ko ang ATO about this. Sabi nila di raw need kasi di naman OZ employer mo and you are not based in OZ too.

Envy

you are not considered Australian Permanent Resident for tax purposes if you have not stayed in Australia for more than ''nnn'' days.

You are not required to file an Income tax return.

nnn days were 189 days in 2013. Not sure if this changed.

sample scenario Juan Dela Cruz

Same thing as Philippines, kapag nasa SG ka at nagbakasyon sa pinas, do you file ITR? samantalang citizen ka naman ng pinas.

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