Question about Taxation in Australia

Diwata1057 · September 2012

As we are new dito sa Aussie, every interview na pinupuntahan ni hubby, he's always being asked bout his rate and if he has a company of just representing himself. I believe this has something to do about tax deduction. Naiisip ko tuloy na normal yung registering or filing in behalf of a company kukuha ka lang ng directors mo (like your unemployed partner, etc) then you'll get lower tax. May nagmention din samin nito in passing during dinner though hinde namin masyado pinapansin kase it sounds dodgy.

So to all the experienced workers here...can you tell me what's up with that.

Thanks.

LokiJr · September 2012

Ang pagka intindi ko po sa tanong e magkano ang salary package ng asawa niyo dati...Ginagamit din kasi minsan yung term na "Rate" sa suweldo.

Starting a business in Australia is simpler pero ang company tax rate po sa Australia ay 30% so nagiging 'ok' lang magsimula ng sariling practice sa Australia kung nasa 45% tax bracket na ang kinikita ng tao.

Dun naman po sa spouse tax offsets, yep, marami pong ganun but you need to be a resident for two years (I think) before you can start declaring offsets or deductions

Puwede rin naman, pag malaki suweldo ng isa at wala namang trabaho partner niya, cinocontribute ng may suweldo yung portion ng kita niya sa pangalan ng asawa...ang resulta nun mas maliit ang tax payable mo

tita_vech · September 2012

Noon maraming contractors na nag set-up nang company kasi malaki ang difference sa tax rate between individual and company, tapos marami silang sinasama sa deductions. Kung accounting ang linya nyo and/or may tyaga sa record keeping may advantage sa pov ko. Baka kasi dumating ang point maasar ka din sa pag-gawa nang BAS (business activity statement) may penalty yan pag late.

Ang unemployed partner ok gawin director, but I doubt if pwede mo I claim as 'paid' employee. Yung ganun instance kasi dapat parehong my pinapasok na income sa company.

Maraming IT consultants na nag set-up nang company at ok naman yon.

On the other hand, teammate ko na-audit nang ATO. Sa tingin naman namin tama set-up nya kasi kasama nya bff sa company, 2 silang may income. Pero advice nung accountant i-settle nlang kasi mahal ang solicitor, so nag bayad sya 100K+ kasi ilang years yung hinabol nang ATO.

So hindi to dodgy, pero pag-aralan nyo lang mabuti and consult a really good accountant. I'm sure maraming naman pinoy na may positive experience sa pag set-up nang company.

LokiJr · September 2012

Kung familiar kayo sa "Self Managed Super Fund"...magandang setup yan sa Australia...tax effective, tapos pooled together ang superannuation

meehmooh · March 2014

Ask lng po sana ako about salary sacrifice superannuation. Ito po ba option ng employee? If yes, pwede ka mag salary sacrifice at the start of the employment or pwede at the middle ng employment? Salamat.

CarlDesacola · May 2014

Hi Meemooh!

Pwede po kayo mag salary sacrifice at the start and in the middle ng employment. You can ask to salary sacrifice at any time.

Kind regards,

Carl Desacola
Lawyer | Registered Migration Agent (MARN 1461661)

Winthrop Mason | Business Lawyers & Migration Agents
M 0410 492 751 P (07) 3303 0843 F (07) 3303 0842
E carl.desacola@winthropmason.com.au

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