End of Financial Year (EOFY)

nfronda

@tharty..Hndi namn lahat, maibabalik lg sau ang sobra sa tax na kinuha sau.. kasi obligasyon m yan sa OZ gov't ang pgbyad ng tax.. For example sa $1300 m na salary ung net nyo is $960 lg so bale $340 ung tax m.. pro sana dapt mga $200 lg ung tax m, so ibabalik nla sau ang $140 na sobra..

ASAP po, mag fill up na kau ulit ng Tax file declaration pra sa next na payday maliit na ung tax nyo..

tharty

ah i see... thank you ng marami... =) by the way po, sabi po ng kakilala ko, pag first tax refund daw p0, makukuha nyo dw po lahat ng binayad nyong tax? totoo po ba yun? basta daw po first...

tharty

@nfronda ah i see... thank you ng marami... =) by the way po, sabi po ng kakilala ko, pag first tax refund daw p0, makukuha nyo dw po lahat ng binayad nyong tax? totoo po ba yun? basta daw po first...

nfronda

@tharty..almost 80% of ur tax po makukuha nyo.. Lalo na pag ilang months pa lg kayo nagwowork.. Pro pag whole year na, mga 40% na lg ung makukuha nyo..

tharty

@nfronda ah ganun po ba. may pa lang po ako nag start ng work. sana po makuha ko talaga. thank you po ulit. God bless...

nfronda

@tharty..ahh okk, so posible un na almost 90% of it makukuha m pro hndi 100%.. kasi my obligasyon tayo na dapt mgbyad ng tax..

Ur welcome po..

Tony12000

@Nadine

" May tanong po ako, if I'm using the bus to and from work, can I claim those? Tinago ko lahat ng mga receipts ko. 😃..

it depends Nadine , if youre self employed or working as consultant yes ( there are 4 ways of getting deductions on motor vehicle / travel expenses ) . if youre a full time employee the answer is no , kahit pa naipon mo lahat ang recibo .

however if you have a second job , your travel from your first job to the second job is deductible even if youre a full time employee.

<blockquote>may 1 pa lang po ako nag start ng work at suuuuuuuuper laki ng tax ko. sabi ng mga kakilala ko, dahil daw yun sa pag fill up ko sa tax form nilagay ko non-resident. ano po ways pra at least man lng makakuha ako ng okay na return. huhu! super laki po talaga ng tax ko. nakaka stress. example sa 1,300 ko, 960 lang net ko. =( ito po first tax refund ko. ano po ma advise ninyo. tulong po. thanks. ></blockquote>

tama lang yan its a little over 25% ang group tax (payg) mo . di ko lang alam kung resident migrant ka or non resident talaga , pag non resident ang alam ko flat rate ang tax 30% .

pag nag file ka try the link i gave you , i dont think you need a tax agent for your situation . lahat ng binayad mo babalik sayo ( tax of $340 -26 =$314 kung 1,300 lang ang income mo this year ). dont forget to click "resident for tax purposes" kung hindi ka talaga non resident ha.

australia has got one of the highest tax rates imposed on wages in OECD countries

if your income is over $150k yata or even less ang marginal tax rate is 47% + 1.75 % medicare levy ( 2011-2012 tax year ) . pero this year nabago na ang ceiling if your income is less than AUD 20k ( tax free threshold ) lahat ng kinaltas sa yo thru payg ( group tax) makukuha except

for the 2 % ( eto yata ang applicable rate for 2012-2013 im not sure) medicare levy .

Nadine

Thank you po for this information Sir. I'm not a consultant pa po eh, I'm working as Registrar pa. So, I'm employed full-time by a public hospital for 5 months now and taxed as resident.

Tax-free threshold, ibig sabihin wala tax up to that amount, tama po ba? I thought it was $18k. Ok po yan kung $20k na pala. Ever since I did salary packaging, bumaba na po yung tax na kinakaltas sakin. Previously, I was hitting 30% talaga. Now, it's lesser na. Although malaki pa din, mahal talaga tax dito. Sabi din dito, I can ask for medicare levy exemption as wala pa ako medicare (being on 457).

I've kept lang all receipts, just in case. I've asked around din how to go about it as this is the first time I'll file tax. But thank you po sa input niyo. 🙂

apc

good day! My husband is on 457 via, can he claimchild support for our child eventhough nasa Pilipinas pa yung bata. Binasa ko kasi instruction sabi dapat daw Australian resident yung dependent child

nfronda

@apc..so he can't..and yes child support is for australian resident and citizen only..and dapt nasa custody m ang bata on the time u claim it..

JCsantos

kami we opt to go to a accountant to maximize our tax return ... basta itago lang ang mga receipt when you buy electronics and anything that relates to work

Nadine

Plan ko din punta accountant lalo first time ko pa to. But I'm still waiting for my medicare levy exemption. Matagal pala yun??

Anyway, excited nako makakuha ng first tax return. 8->

hanzyboy

for those na first time magapply ng tax return, may nakapagtry na ba gumamit nung e-tax? pwede ba natin gamitin to?

TasBurrfoot

<blockquote rel="hanzyboy">for those na first time magapply ng tax return, may nakapagtry na ba gumamit nung e-tax? pwede ba natin gamitin to?</blockquote>

Ehehehe... Diyan ka mismo mag-file ng income tax return mo! 🙂

Summer_set

@tharty

Yun bang sinasabi mo na nilagay mo na non-resident is yung sa TFN? Kakastart ko lang din ng end may, so ang laki din ng tax ko, kaya di ko sure kung paano yun gagawin. san ba makakakuha ng tax file declaration form? kukuha ka ba ng accountant? Kasi ako di ko sure kung kukuha kasi wala din ako idea how to claim na ako lang. thanks!

Metaform

Hi guys. So far, mga 5% lang ng knowledge sa pag file ng income tax return and alam ko (di kasi ako nag file sa pinas and tax-free sa dubai). Nasa halfway na ako ng etax software then i read in this thread na pwede pang ma-maximise ng return by using the receipts? Tinago ko yung mga resibo ko from groceries can that be used? Also yung mga receipts sa electronics(tv, printer, etc) can the tax on those be claimed as well?

Also, ive heard that marerefund din yung accountant fee if i opt to go with one. Is that true?

TasBurrfoot

<blockquote rel="Metaform">Hi guys. So far, mga 5% lang ng knowledge sa pag file ng income tax return and alam ko (di kasi ako nag file sa pinas and tax-free sa dubai). Nasa halfway na ako ng etax software then i read in this thread na pwede pang ma-maximise ng return by using the receipts? Tinago ko yung mga resibo ko from groceries can that be used? Also yung mga receipts sa electronics(tv, printer, etc) can the tax on those be claimed as well?

Also, ive heard that marerefund din yung accountant fee if i opt to go with one. Is that true?</blockquote>

What I know is that it can be claimed as a tax deduction for the following year (as this will be an expense for FY 2013-2014)...

Mahirap nga ang filing dito, di lang cguro sanay as super daming things to consider in the etax software... 🙂

nfronda

Also, ive heard that marerefund din yung accountant fee if i opt to go with one. Is that true?</blockquote>

Ung groceries po hndi pwde ma include sa tax refund yan.. Ung sa electronics po, ay ung mga work related lg.. Gaya ng computer or laptop and printer.. Ung Tv po hndi na pwde yan.. Then ung sa accountant fee pwde marefund yan on the next financial year pa.. If I were u as u r newly here, find an accountant na lg.. Kasi complicated ung e tax nla ehh.. Pro pag my accountant everythng is smooth na lg, careful lg dn sa pagpili ng accountant..

Den careful den sa pagclaim ng tax refund, kasi pag nag over claim babawiin at babawiin ng ATO yan sau..

TasBurrfoot

<blockquote rel="nfronda">Then ung sa accountant fee pwde marefund yan on the next financial year pa...</blockquote>

@nfronda - may I confirm, is it a full refund ba?

Nadine

@TasBurrfoot

Probably only a tax refund on accountant fees. But hintayin ko pa din sasabihin ni @nfronda.

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