2 TIPS FOR INTERNATIONAL STUDENTS TO PAY LESS TAXES IN AUSTRALIA
All right, guys, there are two things that are a surety in life. They are death and taxes. But here at Go Study, we’re gonna tell you how to try and reduce one of those, which is how to reduce your tax by studying in Australia.
2 tips for international student to pay less taxes in Australia
All right, guys, there are two things that are a surety in life. They are death and taxes. But here at Go Study, we’re gonna tell you how to try and reduce one of those, which is how to reduce your tax by studying in Australia. When it comes to tax time, you can declare yourself as a resident for tax purposes. Residents pay far less tax than those who are non-residents. The definition of a resident is sometimes described as somebody who is studying for a course of six months or more. So if you’re gonna take out a course that lasts three months versus eight months, the amount that you pay in taxes is very, very different. So contact us at Go Study, and we’ll give you all the information you need on choosing the right course to optimize your taxes.
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Number two, guys, when you’re filling out your tax claim at the end of the financial year, you can check a little box that says, “Do you wish to claim the tax-free threshold?” If you do this, you’ll earn a certain amount of money without tax, and only after you earn that a-amount of money, you pay tax on everything afterwards. It can be a little bit confusing, so it’s very important that you get some professional help. Now at Go Study, we have great connections with tax accountants in every single state of Australia, so no matter what you need, come down and have a chat with us, and we’ll connect you to our professional accountants who can give you the support and advice you need to work, live, and study in Australia, and pay as little tax as possible. We’ll see you down under.