DEPARTURE AUSTRALIA TAX

If you have already Departed from Australia and your visa has been cancelled, you can lodge your Final Tax Return after the financial year of your Departure has ended (30 June each year). This process is done online, in the same way you have done your previous tax returns.

Also, you might be eligible* to lodge a Future-Year Tax Return, where it is done before the financial year of your Departure has ended.

Main Considerations to be noted for a Future-Year Tax Return:

1. We are creating a future-year return that is to be lodged before the end of the current reporting period.

2. Future-year returns must be lodged no later than 15 June on each Financial year.

3. Estimates are based on the current year's rates, which may not match the rates of the year being lodged for; which means that the estimate we calculate may differ from what ATO will calculate, since our tax systems are not updated with the future-year return tax offsets and rates.

4. ATO Prefill, past year roll-over, trial balance import, sharing details between returns, comparative report and review tool are not available for future-year returns; which means everything must be inserted and calculated manually on this tax return.

Recommendations:

1. Process your future-year tax return only if you have earned up to $18,200 in the financial year of your early departure;

2. If you have earned more than $18,200 in the financial year and has done lots of work on ABN, we recommend you wait to lodge it after July your Final Tax Return to avoid errors and wrong estimates.

If you like to proceed:

1. Make an appointment with us on the link below in this page;

2. Fill out the client's form with your updated information;

3. Have your latest Payslip (s) from each employer(s) you have worked for;

4. Sum all payments you have received on your ABN; and

5. Send your bank account statement for the financial year by email to [email protected].