The good news is Australia is a wonderful place to work and to live. The bad news for expats starts and finishes with taxation. The Australian tax system is very complex, general taxation is high and the authorities are quite aggressive in targeting Contractors and self-employed. Its highly recommended to get expert advice on your financial situation if you are contracting or intend to contract in Australia.
There are so many options to choose from including:
* Salary Packaging
* Self Employed / Sole Trader / ABN
* Full Pay as You Go (PAYG)
* Proprietary Limited (Pty Ltd)
* Managed Trust * Hybrid Structure
* International / Overseas Management Structures
Typically for international contractors Living Away From Home Allowance (LAFHA)provides the major opportunity for reducing your tax burden. If you go through the most common and efficient structure – Salary Packaging – your personal situation is taken into consideration you can get relief for such things as vehicle, transport, computer and mobile phone, training and LAFHA. We’ll shortly be adding a calculator here to allow you to calculate how much you’d earn through such a system.
If you would like us to contact you with a Contractor Management Solution that eliminates all the headache and guarantees you the highest return in the market, don’t read on – just click this link.. Its COMPLETELY FREE to get an assessment of your circumstances.
It can all sound pretty daunting BUT with the right advice and payment structure all these obstacles can be negotiated. Our Australian partners have the full range of options available so you can pick a solution and provider that works for you.