The annual dates for the Australian income year are from 1 July to 30 June. This is important to note for anyone moving to the country as these dates may not coincide with those from your home country.
The subject of taxation in Australia can be fairly complex and can mean surprisingly high cost to new migrants. Non-residents in Australia pay a much higher personal income tax rate – nearly double that of residents.
For instance, a resident will pay nothing for his or her income up to $6000 and then just 15 cents for every $1 from $6001 – $34,000. A non-resident will pay a 29 cent flat rate for every dollar made, beginning with $1 and continuing to $34,000.
