Working Holiday Maker Tax Arrangements

An interesting media release from the Treasurer of the Commonwealth of Australia, the honourable Scott Morrison MP:

 “From 1 January 2017, the government will set the tax rate applying to working holiday makers at 19% on earnings up to $37,000, rather than the 32.5% announced in the 2015-16 Federal Budget, with ordinary marginal tax rates applying after that…”

“…To generate more accurate data and boost integrity of the scheme by preventing exploitation of working holiday makers, their employers will be required to undertake a once-off registration with the Australian Taxation Office [ATO]. This simple and easy registration process will help provide valuable data on the employment of working holiday makers. Employers who do not register will be required to withhold tax at the 32.5 per cent rate. Working holiday makers will be made aware of registered employers via the publication of a list on the ABN Lookup.”

 For the full article, please click here.

Posted 25.10.16

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