SCAA: Backpacker tax update
The new tax for backpacker kicked in on 1 January after many months of debate and submissions.
In summary, it only affects those employees on working visas 417 & 462.
If you are employing workers on these two visas, you are required to
- withhold 15% tax from their wages as opposed to the standard 13% for those ‘residents’ working in the industry.
- employers need to register that they are employing those working on these two visas.
See attached or follow the link for full details.
Backpacker Tax update Jan 2017 (402 KB)
https://www.ato.gov.au/newsroom/smallbusiness/employers/changes-to-the–backpacker-tax-/
(photo http://www.ruralweekly.com.au)
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