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

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Comments

  • kangarookoalakangarookoala Canberra
    Posts: 17Member
    Joined: Feb 18, 2015
    edited February 2015
    no tfn then taxed the highest. Not a good idea. Better keep your money with you.
  • TasBurrfootTasBurrfoot Osaka
    Posts: 4,336Member
    Joined: Feb 24, 2011
    edited February 2015
    no tfn then taxed the highest. Not a good idea. Better keep your money with you.
    Nice suggestion @kangarookoala - keep the money and earn 0%?

    Primary Applicant: Wife
    Accountant (General): 221111

    04 Aug 2012 - IELTS (Academic Module)
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  • JCsantosJCsantos Sydney
    Posts: 1,416Member, Moderator
    Joined: Jan 11, 2011
    no tfn then taxed the highest. Not a good idea. Better keep your money with you.
    Nice suggestion @kangarookoala - keep the money and earn 0%?
    LOL!

    Google for Everything !!!

  • JCsantosJCsantos Sydney
    Posts: 1,416Member, Moderator
    Joined: Jan 11, 2011
    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?
    I would not worry about it , you will see a tax deductions on you account statement ... and dont worry inde naman ganun kalaki yun

    Google for Everything !!!

  • kangarookoalakangarookoala Canberra
    Posts: 17Member
    Joined: Feb 18, 2015
    edited February 2015
    @TasBurrfoot Ang taray ni pogi. Sorry po.
  • kangarookoalakangarookoala Canberra
    Posts: 17Member
    Joined: Feb 18, 2015
    edited February 2015
    @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.
  • TasBurrfootTasBurrfoot Osaka
    Posts: 4,336Member
    Joined: Feb 24, 2011
    @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.
    @kangarookoala - zero percent nga interest sa mga banko in SG and Pinas... :)

    Primary Applicant: Wife
    Accountant (General): 221111

    04 Aug 2012 - IELTS (Academic Module)
    07 Aug 2012 - IELTS (Academic Module) Speaking Part
    17 Aug 2012 - IELTS Results (L: 8.5 R: 8.5 W: 7.0 S: 7.5 OBS: 8.0)
    24 Aug 2012 - CPAA Submitted (docs mailed same day via SG EMS)
    25 Sep 2012 - Received +Skills Assessment from CPAA
    25 Sep 2012 - Lodged EOI Application with 70pts
    30 Sep 2012 - Invited by DIAC to apply for 189 Visa
    01 Oct 2012 - Submitted 189 Visa Application
    20 Oct 2012 - Medical Examinations
    23 Oct 2012 - CO Assigned; Team 7 - SA
    05 Nov 2012 - Submitted SG PCC and NBI Clearance
    06 Nov 2012 - Visa Granted (IED: 23/10/2013)
    03 Apr 2013 - Flight to MEL
    03 Jun 2013 - started work
    12 Jun 2013 - wife started work
    15 Jun 2016 - applied for citizenship
    29 Jul 2016 - citizenship examination
    20 Oct 2016 - Aussie, Aussie, Aussie Oi Oi Oi!!

  • supertobleronesupertoblerone Posts: 434Member
    Joined: Mar 19, 2014
    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.

    Nominated Occupation: Plant or Production Engineer (ANZSCO 233513)

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  • EnvyEnvy Milton
    Posts: 159Member
    Joined: Apr 21, 2015

    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.



    Jan 2007 - Arrive in Aus as 457
    Mar 2013 - Plan, review, read and understand visa requirements
    Apr 2013 - ACS assessment submitted
    Jun 2013 - ACS assessment received
    Aug 2013 - IETLS pass (General 8.0)
    Aug 2013 - ACT SS submitted
    Aug 2013 - Created EOI account
    Aug 2013 - VETASSES assessment submitted
    Sep 2013 - VETASSES assessment received
    Sep 2013 - ACT SS received
    Sep 2013 - EOI Submitted
    Sep 2013 - Visa invite received
    Sep 2013 - Visa application submitted (190)
    Oct 2013 - Medical completed
    Jan 2014 - Visa approved

  • ilovestrawberryilovestrawberry Mandaluyong
    Posts: 4Member
    Joined: Jul 07, 2015
    Hi! Pa clarify lang friends- same situation ako.mag initial entry palang this June 2016 then exit agad to work in Germany since i have a good offer doon and cguro might evaluate if i need to go to AU after a yr or so.Filipino ako and magfile OFW para no tax in PH. Questions:
    (1) do you advise na kumuha ako ng TFN sa initial entry ko?
    (2) do i need to declare my german income sa tax submission ko in aussie?
    (3) do i need to declare aa australia or any government group nila that i will be working in germany so prng ofw form perspective ni australia?

    Thanks!
  • MisterKehnMisterKehn Sydney
    Posts: 233Member
    Joined: Sep 09, 2015

    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 - Thanks sa pagkaexplain, binuhay ko ang thread to ask something. What if po, if yung dineposit from SG/Pinas to AU eh nagastos kagad, will it be tax?. And yung money(baon), is that one time na dalhin para hindi matax?. Papano kung from time to time eh nagdedeposit thru internet banking to AU account. Thanks!.

    31-July-2014: IELTS IDP - 1st Take
    30-Oct-2014: IELTS IDP - 2nd Take
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    April-2016: Initial Entry Sydney

  • MisterKehnMisterKehn Sydney
    Posts: 233Member
    Joined: Sep 09, 2015

    Hi! Pa clarify lang friends- same situation ako.mag initial entry palang this June 2016 then exit agad to work in Germany since i have a good offer doon and cguro might evaluate if i need to go to AU after a yr or so.Filipino ako and magfile OFW para no tax in PH. Questions:
    (1) do you advise na kumuha ako ng TFN sa initial entry ko?
    (2) do i need to declare my german income sa tax submission ko in aussie?
    (3) do i need to declare aa australia or any government group nila that i will be working in germany so prng ofw form perspective ni australia?
    Thanks!

    @ilovestrawberry, here is what I know..
    (1) do you advise na kumuha ako ng TFN sa initial entry ko?
    - Optional
    (2) do i need to declare my german income sa tax submission ko in aussie?
    - if you're planning to transfer your german income to australia, you should declare. Take note of the word "Transfer". If your income stays on a german bank or watsoever sa germany. You don't need to declare.
    (3) do i need to declare aa australia or any government group nila that i will be working in germany so prng ofw form perspective ni australia?
    -No need

    31-July-2014: IELTS IDP - 1st Take
    30-Oct-2014: IELTS IDP - 2nd Take
    10-Jan-2015: IELTS BC - 3rd Take
    11-Feb-2015: Submitted CDR to EA
    07-July-2015: Received positive assessment from EA
    08-July-2015: EOI submitted for Visa 190(SS)
    31-July-2015: 1st take PTE (failed)
    23-Aug-2015: 2nd take PTE(failed)
    09-Sept-2015: 3rd take PTE results: Pass(finally!!!). Score converted to IELTS is 7.5 in each band
    09-Sept-2015: Updated EOI for Visa 189 (Total points: 65)
    09-Oct-2015: ITA received for Visa 189
    11-Oct-2015: Visa Lodge
    22-Oct-2015: Uploaded COC
    04-Nov-2015: Medicals uploaded
    10-Nov-2015: Visa Grant - Thank you Lord! .. :)
    April-2016: Initial Entry Sydney

  • coffeepamorecoffeepamore Mandaluyong
    Posts: 14Member
    Joined: Oct 06, 2015
    Thanks @MisterKehn ! Super helpful po. If I get TFN sa big move na mga a year after my initial entry, wala naman akong babayrang anything na malaki nu?
  • MisterKehnMisterKehn Sydney
    Posts: 233Member
    Joined: Sep 09, 2015
    @coffeepamore - your welcome. Where do you intend to stay?

    31-July-2014: IELTS IDP - 1st Take
    30-Oct-2014: IELTS IDP - 2nd Take
    10-Jan-2015: IELTS BC - 3rd Take
    11-Feb-2015: Submitted CDR to EA
    07-July-2015: Received positive assessment from EA
    08-July-2015: EOI submitted for Visa 190(SS)
    31-July-2015: 1st take PTE (failed)
    23-Aug-2015: 2nd take PTE(failed)
    09-Sept-2015: 3rd take PTE results: Pass(finally!!!). Score converted to IELTS is 7.5 in each band
    09-Sept-2015: Updated EOI for Visa 189 (Total points: 65)
    09-Oct-2015: ITA received for Visa 189
    11-Oct-2015: Visa Lodge
    22-Oct-2015: Uploaded COC
    04-Nov-2015: Medicals uploaded
    10-Nov-2015: Visa Grant - Thank you Lord! .. :)
    April-2016: Initial Entry Sydney

  • orengorengorengoreng Sydney
    Posts: 91Member
    Joined: May 09, 2013
    edited October 2017
    salamat po sa mga nagreply sa topic na to. naliwanagan ako, I am about to get sad about foreign income tax kasi akala ko pag nagstay ako sa pinas eh magbabayad parin ako sa au ng tax eh petmalu naman baka lalo na ako maghirap, nagisip na tuloy ako kung tama ba desisyon ko nangibang bansa kung alipin pala ako ng 2 tax. anyway dahil sa mga paliwanag nyu naintindihan ko kung ano yun double taxation and when the tax applies to which territory. Salamat po ng marami at marami natutunan.

    ACS application - Dec 30, 2012 (Software Engineer)
    IELTS 1st take (7L, 5R, 7W, 5.5S) - Feb 2, 2013 (retake)
    Submit EOI - May 10, 2013
    Received invitation - July 15, 2013
    IE - July 2014

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