More from James Nott, ProAdvice and “The Working Holiday Maker Tax” (Backpackers’ tax).
Last week, it was finally passed by Parliament. This was the last sitting date for both houses for this year.
The tax rate is 15 percent.
The tax on backpackers’ accumulated superannuation when they leave Australia has been reduced from the proposed rate of 95 percent to 65 percent.
James Nott. B.Com, CA, CTA