Study and work in Australia tax ID and tax refund knowledge 4031
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First, about tax rebates。
A lot of people have questions, why do I earn 6000 yuan, but the boss gave me a summary of taxes only a few hundred dollars？My boss is eating my tax refund？
Your boss needs to pay all employees an upfront income tax of 29Cent on every dollar。According to the tax form for the 2006-07 fiscal year, if you earn less than $113 per week, you do not need to pay taxes, and the boss's advance tax will be returned to the boss himself, note that this money is not refunded to you!So you won't get that week's taxes when you get your year-end tax refund。
For example: After the income of employees A and B is 10 yuan/hour, the actual income of A and B is 10 yuan, and the boss will pay the income tax of A and B to the ATO in the form of prepaid tax。In A given week during the fiscal year, if A worked 10 hours and B worked 20 hours, A earned $100 and B earned $200。At the end of the fiscal year B can get 200 x 0.The tax return of $29 is equal to $58, which equals B's weekly income is equal to 258。However, since A's income is less than 113 yuan this week, he will not receive any tax refund。Let's say that if I didn't have the standard line of 113 dollars per week I would get 100 x 0.29= a tax return of 29 yuan, but due to the existence of the 113 yuan standard, the 29 yuan that should belong to you has to be returned to your boss. Because B exceeds the 113 standard, what he gets is his real income (annual income is less than 6,000 yuan).
So you can see why your tax return is so different from your income。In fact, this money does belong to your labor income, but because of the policy, the boss can legally get this part of the return。But this only works for part time jobs, and formal full time jobs can't earn less than $113 a week, or you could Sue the boss for breaking the law。
Second, about ABN
Many international students in the work of the boss will require you to apply for ABN, and then between you to B2B relationship to carry out transactions, there are some disputes on this issue, some people say that the loss of some people say advantage, but for most ordinary international students to apply for ABN is not a good idea。
To apply for ABN, you must bring your own documents to handle, and you can not let the boss do it for you, and the boss can not do it for you privately。
