Life Interests Testamentary Trusts

WORKING HOLIDAY MAKER EMPLOYERS

If you are employing Working Holiday Makers (Visa Sub-Class 417 and 462), you should be aware of new reduced tax withholding rates that are applicable from 1 January 2017. Where an employer does not register with the ATO by 31 January 2017, employees will not be eligible for the reduced rates and will be taxed at 32.5%. In addition, you may be subject to penalties for failing to register. 

Please refer to the attached link for more in depth discussions on the above: 

The content within these articles was correct at the time of writing. Please contact us for updated information and advice. 

We provide accounting and wealth management services to clients in Woodend, Gisborne and Macedon Ranges areas within Victoria Australia.

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