Beat the Queue and Apply Now
The end of the Australian tax year is almost upon us and that means there’s something very positive in store – TAX REFUNDS!
All the Taxback.com offices across Australia are already packed with working holidaymakers who want to get their income tax refunds sorted in advance of year end, i.e. beat the queue. They’re coming to see us or applying online NOW. That means that they have everything in order so that on 1st July all they need to do is send us their final payslip for their current job. Then we’ll send off their application, ensuring that they are in the first batch of refunds that will be released! Smart move, eh?
More interesting: Tips on how to claim back your Oz tax
In order to get your income tax refund, you need to provide the following three core items:
1. Completed Taxback.com Application Form
3. Copy of photo ID
Once you have all the above, we should be able to proceed and lodge your application but we’ll let you know if there’s anything else you should provide. Once the application is lodged to the Australian Tax Office it will be 10-12 days before the funds appear in your account. It’s well worth getting your tax refund sorted now as you’ll jump ahead of everyone else who waits until the tax year ends.
The average income refunds for working holiday makers who file with Taxback.com is $2,600! That’s a nice little windfall. What’s more, we’re running a competition to win $1000 cash. If you apply now, we’ll put your name into the prize draw.
The average tax refund Down Under is AU$2600
There are other items that might be relevant to your tax refund application which we’ve outlined below.
Work Related Expenses
If you have incurred costs in your job that are directly related to your employment and have not been reimbursed by your employer, these can be added to your application to minimise your liability and increase your refund. An example of this could perhaps be a training course. In order to include this on your tax return, we will need you to submit receipts for all relevant expenses.
Medicare Levy Exemption
If you are on a temporary visa in Australia and from a country that does not avail of Medicare while in Australia (such as UK passport holders) then you might also be able to claim the Medicare levy exemption. Other countries that can apply for Medicare exemptions include France, Ireland and Germany. In order for this exemption to apply, you need to have earned in excess of $20,018.
Bank Interest Statement
If your Australian bank account has accumulated any interest while you were here, you need to submit a bank interest statement – this can be obtained online in most cases. This needs to be factored into your application to ensure that you don’t face any delays in having your refund issued.
If you are reading this and still have some questions that you would like answered, feel free to call us on Oz Free Phone 1800 674 014 or alternatively you can register here and one of the team will call you back.