NO TAX FREE TRESHOLD....

sheep

Good day,july na next month at simula na ng filing for income tax dito sa aust..tanong klang po sa sahod ko po may binabaws na "no tax free treshol" at malaki ho binabawas..>ano ba ito ?tax po ba eto ng temporary resident sa austral;ia kaya ganyan kal;iaki..ibig sabihin hannggang d pa residence ganun tlaga kalaki ang tx....?salamat sa responce

LokiJr

Mas malaki talaga tax ng non-resident kasi mas gusto ng gobyerno na manirahan ka nang matagal sa bansa nila....(longer you stay = more tax you pay = better running government)

Malaking tulong yung bagong tax free threshold effective next month. Dati $6,000 ng annual salary lang ang 0% tax pero ngayon tinaas na nila sa $18,000...everything else stays the same. Ang tinutulungan talaga ng gobyerno nila ay yung mga walang trabaho o part timers lang. (buti pa gobyerno nila noh hehe)

lock_code2004

@sheep - based on my understanding, "No Tax Free Threshold" means you do not want to claim the tax-free threshold on this job, and incorporate that in the calculation of witholding tax monthly..

a) example, you have job A, and Job B, you only claim the tax-free threshold to Job A.
b) if you have only one job, then you need to claim the tax-free threshold on that job/employer

When you/or your employer filled-up the Tax File number application form, did you tick that box " 'Do you wish to claim the tax-free threshold from this payer?'
- if you did. Means YES, you want to claim the tax-free threshold, then your witholding tax every month will be calculated by your employer taking into consideration yung threshold (6k or 18kaud tax-free, whatever the law is)
- if not, This means, NO, then you are not declaring that you want the tax-free threshold to be considered in the calculation of the witholding tax every month...

In short, mas malaking ang witholding tax monthly pag NO, compared sa YES.
BUT, in the end of the tax year, babalik sayo ang sobrang witholding tax... And calculation will still be based on taxing the money you earned after deducting the tax-free threshold (whether 6k or 18k aud)

malinaw ba? hahaha... hope this helps..

LokiJr

hmm....may witholding tax ba sa Australia? Alam ko kanya kanyang filing ng tax dun e

lock_code2004

yes just like US, merong witholding tax every pay period, then employer will forward that payment to the Tax/Internal Revenue Services...

At the end of the tax period/year, you will get a summary (W2 form in US), and then you will file your own income tax return using the summary..

sheep

salamat lockjr and lock cod..actually na researck kna sa ato site yan medyo magulo lang..pagod kasi.he....he so ibig sabihin tong tax na kinukuha sa sahod ko...makukuha ko rin as a refund? tma ba whether i wrongfully thick the box....for yes or no...?

lock_code2004

Yup.. Ang total calculation ay base pa rin sa total earnings mo at the end of tax period.

IslanderndCity

ilang % ang tax diyan na ibawas sa sahod natin? at mayroon din bang arrangement na monthly babayaran instead of one-time lang na malaki?

TasBurrfoot

ilang % ang tax diyan na ibawas sa sahod natin? at mayroon din bang arrangement na monthly babayaran instead of one-time lang na malaki?

In google we trust mate...

http://paycalculator.com.au >-

TasBurrfoot

ilang % ang tax diyan na ibawas sa sahod natin? at mayroon din bang arrangement na monthly babayaran instead of one-time lang na malaki?

In google we trust mate...

http://paycalculator.com.au >-

IslanderndCity

ilang % ang tax diyan na ibawas sa sahod natin? at mayroon din bang arrangement na monthly babayaran instead of one-time lang na malaki?

In google we trust mate...

http://paycalculator.com.au >-

wow! thanks sa link mate @TasBurrfoot