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How can I reduce the amount of tax I pay?
Salary sacrificing is one of the ways that you can reduce the amount of tax you pay, as your benefit is purchased with pre-tax dollars. All are subjected to Fringe Benefits Tax, with the exception of mobile phones, laptops, etc, which are used primarily for work. Fringe Benefits Tax is paid by the employer, therefore some employers may require their employees to reimburse the Fringe Benefits Tax amount from their salary package.
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I am considering working overseas. Do I still have to lodge an Income Tax Return?
You will need to take into account the tax laws of the country you will be working in, along with your residency status.
Australian residents are taxed on their worldwide income. This page outlines the tax implications in Australia if you are working or thinking about working overseas. If you are going to remain an Australian resident, you must still lodge an Australian Income Tax Return, reporting your world wide income. In this instance, you may be eligible to claim a foreign income tax offset.
If you will no longer be an Australian resident, but still earning an Australian income, you may still have to lodge an Australian Income Tax Return if you have not had non-resident withholding tax deducted from your.
Should you decide that you will no longer be an Australian resident and will not be earning income from any Australian source, you will not have to lodge an Australian Income
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