How Much Tax Do I Pay On A Working Holiday Visa In Australia
If you are planning a working holiday in Australia, the first question that comes to mind is how much tax I have to pay on my income. Working holiday visa holders in Australia are not required to pay any taxes on their first $2,000 Australian dollars earned per year. If you are earning more than $2,000 then tax will be charged at 15%. This means that if you are working full-time (35 hours or more) a week, pay your taxes and claim your deductions then there is no tax on your income.
Working holiday visas for Australians is one of the most sought after and popular categories. If you are thinking about applying for your next working holiday visa in Australia, it’s important to understand the tax implications on your money spent while on holiday in Australia. This guide will take a look at what tax you need to think about when making travel arrangements for and while overseas during your working holiday visa.
If you work in Australia as a working holiday maker (WHM), your employer will withhold tax from your pay and you may need to lodge a tax return each year.
You are a WHM if you have a visa subclass of either:
- 417 Working Holiday
- 462 Work and Holiday (backpackers).