End of Financial Year (EOFY)

Nadine

double post

nfronda

@TasBurrfoot..Hndi q masasabing full refund.. da way ksi cla mag calculate ay ganito yan, whole year income - lahat ng gusto mong e claim (so jan papasok ung mga receipts m na gusto mong eclaim), then ung total nyan multiply by % ng tax na dapat mong ibayad sa gobyerno ( i don't know how much percent, depende sa annual income m which is after tax na income yan).. Then total annual tax na kinaltas sau - tax na dapat mong ibayad sa gobyerno = ur tax refund..

TasBurrfoot

<blockquote rel="nfronda">@TasBurrfoot..Hndi q masasabing full refund.. da way ksi cla mag calculate ay ganito yan, whole year income - lahat ng gusto mong e claim (so jan papasok ung mga receipts m na gusto mong eclaim), then ung total nyan multiply by % ng tax na dapat mong ibayad sa gobyerno ( i don't know how much percent, depende sa annual income m which is after tax na income yan).. Then total annual tax na kinaltas sau - tax na dapat mong ibayad sa gobyerno = ur tax refund..</blockquote>

@nfronda - clearer now... It is just treated as a tax deduction...

Not a full refund but you will be getting a portion back based on your overall tax rate (i.e. accountant fee is $100, your tax rate is 25%, then you will be receiving $25 lumped together in your tax refund!)

Cheers...

JCsantos

Kami every 100$ na claim we get 30$ refund

annie23

Panu po kung walang iclaim, wala kasi ko natabi na resibo, does it mean na walang ma return na tax?

TasBurrfoot

<blockquote rel="annie23">Panu po kung walang iclaim, wala kasi ko natabi na resibo, does it mean na walang ma return na tax?</blockquote>

Majority of the tax refund will come from the PAYG taxes that you have paid during the course of the previous financial yr... All your income will be accounted for and any deductions will be taken into account as well and you will have your final tax payable for the FY 12-13. If sobra yung nabayad mo na tax, this is where you will have your refund.

Kung kulang naman, magbabayad ka sa ATO...

annie23

@TasBurrfoot thanks! regarding deductions, dun lang ba yun ma compute from the receipts/work-related expenses that one will submit? or may iba pa po bang form ng deductions?

nfronda

@annie23..merun pa po, un nga lg I can't really explain to u what are those.. Hndi q kasi mayadong maintindihan ung computation ng tax agent q.. Bsta merun pa xang ibang deductions..

Btw, have u already apply for ur medicare levy exemption certifcate?

annie23

@nfronda ok thanks! Will look for a tax agent too to discuss.

Tomorrow ko mag apply for the exemption certificate, nabasa ko po yung posts niyo about it kaya prinepare ko muna yung required docs a couple of days ago. 🙂

TasBurrfoot

<blockquote rel="annie23">@nfronda ok thanks! Will look for a tax agent too to discuss.

Tomorrow ko mag apply for the exemption certificate, nabasa ko po yung posts niyo about it kaya prinepare ko muna yung required docs a couple of days ago. 🙂</blockquote>

Yup, the tax agent would be in the best position to advise you...

Jo_ajero

Hello help po sana, we received our PR this year through on shore application from a 457 visa, can we file the expense? Someone mentioned in the earlier thread na pwede po, but when I talked to our acct di daw pwede. Ang laki nya kasing amount, sayang. Salamat.

nfronda

@Jo_ajero..Aq po yung nag mention kasi sa akin na eclaim q un.. Other tax agent may say no, other may say yes.. So ung sakn sabi ng tax agent q pwde dw so eninclude q ung receipt q and fortunately nasama xa.. So sa $3060 na bnayad q sa DIAC ang na erefund sakn ay almost $1000..

happyinmelbourne34

<blockquote rel="nfronda">@Jo_ajero..Aq po yung nag mention kasi sa akin na eclaim q un.. Other tax agent may say no, other may say yes.. So ung sakn sabi ng tax agent q pwde dw so eninclude q ung receipt q and fortunately nasama xa.. So sa $3060 na bnayad q sa DIAC ang na erefund sakn ay almost $1000..</blockquote>

hi nfronda...tnx po sa tips, na tax refund ko po ung partner subclass 801 visa fee, pero using po ung e-tax. Mga nasa 1k dn po ung na refund nmin considering n almost 3k dn ung bayad nmin s visa at ako po ung nag refund ndi po c hubby. Dun s e-tax ndi na po sya humingi ng mga receipts, i mean walang requirement na i-upload ung mga receipts pero tingin ko nga po mas ma maximise ung refund if gagamit ng accountant although this is my 2nd time using e-tax dahil ndi nman po ganun ka complicated ung mga deductions, i mean wala nman kaming property pa or centrelink benefits like ung childcare or rent allowance 🙂 subukan ko po next yr na mag try s accountant nman.

nfronda

That's gud..Yes kung sino ung ngbayad xa ang dapat mag claim.. I never try the e-tax.. Ung dad q ksi gumagamt ng accountant, so doon na lg kmi nag fifile..

Metaform

So as far as I understand, kung wala naman akong biniling work-related items, yung PAYG lang ang importanteng makita ng ATO. I'd go for the E-Tax software then if that's the case kaysa kumuha ng accountant.

TasBurrfoot

Guys, kumusta ang pag lodge ng tax natin?

I just got my refund 10 calender days after lodging, unbelievable!! 🙂

peach17

<blockquote rel="TasBurrfoot">Guys, kumusta ang pag lodge ng tax natin?

I just got my refund 10 calender days after lodging, unbelievable!! 🙂</blockquote>

@TasBurrfoot, ang bilis ah!

Ginawa mo din ba yung mag advice and tips dito na magfile ng exemption certificate, compile all work related receipts? Then 70% nga yung marerefund pag less than a year pa lang nagwwork sa OZ? Tama po ba?

COngrats again 🙂

TasBurrfoot

<blockquote rel="peach17"><blockquote rel="TasBurrfoot">Guys, kumusta ang pag lodge ng tax natin?

I just got my refund 10 calender days after lodging, unbelievable!! 🙂</blockquote>

@TasBurrfoot, ang bilis ah!

COngrats again 🙂</blockquote>

I got a full refund as my income for the FY was still in the tax exempt braket... 🙂

No, I did not utilize the tips here... Not yet or not applicable for me. 🙂

nfronda

@TasBurrfoot..mabilis talaga yan kasi hndi pa whole financial year.. pero pag whole financial year na mdyo matagal tagal ksi dami pa nilang dapt e review.. same sa dad ko, last 2011 nakuha nya refund nya march 2012 na ksi inereview talaga ng masinsinan ng ATO ung claim nya..

Yung sakin wla pa ring balita sa tax agent ko.. wla pang draft of her summation.. pinay ang tax agent namin sa sydney ang ofis nya.. hoping dis week merun na pra mapirmahan na agad at ma elodge sa ATO.

TasBurrfoot

<blockquote rel="nfronda">@TasBurrfoot..mabilis talaga yan kasi hndi pa whole financial year.. pero pag whole financial year na mdyo matagal tagal ksi dami pa nilang dapt e review.. same sa dad ko, last 2011 nakuha nya refund nya march 2012 na ksi inereview talaga ng masinsinan ng ATO ung claim nya..

That would make sense! 🙂

« Previous Page Next Page »