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Changes to working holiday visas

15 May 2015 by News Desk

australian_money_02_250x188People on working holiday visas will have to pay more tax on their earnings in Australia.

Under new government rules unveiled in the recent budget, people on working holiday visas would now have to pay tax on every dollar they earn. Foreigners on working holidays currently pay no income tax in Australia until they earn around A$20,000, the same tax-free threshold enjoyed by residents

Treasurer Joe Hockey says the new rules will save the Australian government A$540m. “Anyone on a working holiday in Australia will have to pay tax from their first dollar earned,” said Mr Hockey.

Under the new rules that take affect in July 2016, for tax purposes they will now be considered “non-residents” and pay tax on every dollar they earn

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