Get your Tax Back before you leave Australia
You worked hard in Australia - picking fruit - waiting tables - building walls... Leaving your hard earned Aussie Dollars on the table in Australia is about the last thing any self-respecting traveller should do.
Don’t let your tax refund go unclaimed!
Thousands of $$$$$ could be sitting there, waiting for you now.
Each year, travellers like you are eligible for a tax refund from the Australian government, just how much will depend on your earnings, your rate of taxation and whether you have paid a Medicare levy.
The average tax refund is $2500!
What about Superannuation?
More than likely you have paid "Super" and are entitles to another refund on top of your tax refund.
If you earned more than $450 per month in Australia, then when you leave the country permanently you can claim your superannuation contributions. Consider this: 9% or your earnings goes into your superannuation fund. Do the math. We find the average superannuation refund about $1500.
To find out how much money you could get back this year, you can use a calculator lke that provided by Taxback.
Click here for the Taxback refund calculator - below is a full review and other options for backpacker tax returns.
Three options to get your tax back
Using ATO’s Etax software
E-tax is a free and secure service provided by ATO so you can prepare and lodge your individual tax return online. The benefits of using Etax are:
Enjoy cost-free preparation and lodgment of your tax return.
It is safe and secure.
It is available 24 hours a day, 7 days a week.
It saves you time by ensuring you only answer questions relevant to you.
Most refunds are issued within 12 business days.
However as a backpacker their can be challenges, for example the ATO needs to verify your identity before accepting your tax return lodgement. If this is your first time to lodge tax return and a temporary resident of Australia, It is going to be difficult to prove your identity without previous notice of assessment (NOA) issued by ATO.
Lodging by mail
You can use the individual tax return instructions to complete your tax return and lodge it by mail. Most refunds are issued within six weeks of lodgment. The individual tax return instructions contains two tax return forms and a set of instructions that explain how to fill out your tax return, section by section. Paper copies of these products are also available:
at most newsagents (between July and October)
at ATO’s shopfronts
by phoning our Publications Distribution Service on 1300 720 092.
Using tax agent services
Tax agent services are services relating to:
ascertaining (that is, working out) or advising about liabilities, obligations or entitlements of entities (that is your clients) under a taxation law, or
representing entities in their dealings with the Commissioner of Taxation (Commissioner) in relation to a taxation law.
where it is reasonable to expect the entity will rely on the service to satisfy liabilities or obligations, or to claim entitlements under a taxation law
There is a legal requirement that they must not charge or receive a fee or other reward if you provide a service which you know or should reasonably know is a tax agent service and you are not a registered tax agent.
Tax agents normally charge a fee based on the working time or percentage of the client’s tax refund. Taxback provides a service dedicated to backpackers with the aim to maximise the amount you are entitled.
Jobaroo have been helping backpackers with for years and we recommend Taxbacks calculator as the best way to work out how much you are owed.
After filling out the form and getting a response you can choose to use their service or do it yourself as we have outlined above.