Taxes in Australia are taken in advance from your pay by your employer according to the rate corresponding to your level of salary. Late in the fiscal year (the 30th of June ), you have to fill out a tax return. In most cases an excess "tax return" will be paid to you by the ATO (Australian Tax Office). The Australian tax system is heavy and it works in brackets:
The tax brackets for the financial year 2007-2008 for temporary resident are as follows:
Again, the tax brackets do not include the 1.5% Medicare levy. All figures are in Australian Dollars.
More information on the Australian Taxation Office web site:
http://www.ato.gov.au
Update 29/04/2008
If you want to move money abroad, from Australia or to Australia for example, Fexco provides efficient and secure global bank to bank transfers and bespoke payment solutions for both business and personal clients.
Fexco provides a secure international money transfer service online or by telephone with bank beating fx rates and low fees. Specialises in high-value transfers.
Fexco will help you to keep your overseas money transfer costs to a minimum.
Margin | 0.6% |
---|---|
Regulator | FCA |
Fee | £10 < £5K or Free > £5k |
Mini | £1K |
Ccy | All (130 currencies, incl ‘exotics’) |
Services | Repatriation of funds, Property, Regular payments, High Value payments, spot, online, telephone. |
When you are ready to make your transfer, John and his team will be available to help you with better rates and an unrivalled service to make sure your funds are delivered securely and speedily.
30/04/2009