Taxation for expats having moved from overseas to Australia is a complex area but also provides some fantastic tax planning opportunities. Omega Partners Accountants in Sydney have dealt with a number of expat issues and can help with yours and for your organisation in ensuring that your expats taxation affairs are managed as effectively as possible.
Areas that we can assist in include :-
Determining whether you are subject to the Medicare Levy and making an application for Medicare Levy exemption if appropriate;
Determining your eligibility for the dependent spouse rebate;
Ensuring that you claim all relevant tax offsets;
Ensuring that the superannuation guarantee is correctly applied and determining whether you are a senior foreign executive. For senior executives the exemption from superannuation guarantee applies. It is important that you are not financially disadvantaged by not receiving the superannuation guarantee and your fellow colleagues who are not senior foreign executives are receiving that benefit.
Planning the taxation impacts of moving from being a temporary resident for tax purposes to becoming a permanent resident for tax purposes;
Determining FBT implications and planning opportunities including
Living Away from Home Allowance (LAFHA) (could potentially be tax free)
Children's Education Expenses (could potentially be tax free)
Motor Vehicles
Provision of Furniture
Travel to/from original country of residence
Storage of furniture and effects while overseas
Planning the taxation impacts of moving from being a temporary resident for tax purposes to becoming a permanent resident for tax purposes;
If you are an expat having just arrived in Australia, have been here some time but are concerned whether your affairs are being managed appropriately or a company seeking to ensure that your expats arriving in Australia obtain all relevant exemptions and concessions then give Omega Partners Accountants in Sydney a call.
Areas that we can assist in include :-
Determining whether you are subject to the Medicare Levy and making an application for Medicare Levy exemption if appropriate;
Determining your eligibility for the dependent spouse rebate;
Ensuring that you claim all relevant tax offsets;
Ensuring that the superannuation guarantee is correctly applied and determining whether you are a senior foreign executive. For senior executives the exemption from superannuation guarantee applies. It is important that you are not financially disadvantaged by not receiving the superannuation guarantee and your fellow colleagues who are not senior foreign executives are receiving that benefit.
Planning the taxation impacts of moving from being a temporary resident for tax purposes to becoming a permanent resident for tax purposes;
Determining FBT implications and planning opportunities including
Living Away from Home Allowance (LAFHA) (could potentially be tax free)
Children's Education Expenses (could potentially be tax free)
Motor Vehicles
Provision of Furniture
Travel to/from original country of residence
Storage of furniture and effects while overseas
Planning the taxation impacts of moving from being a temporary resident for tax purposes to becoming a permanent resident for tax purposes;
If you are an expat having just arrived in Australia, have been here some time but are concerned whether your affairs are being managed appropriately or a company seeking to ensure that your expats arriving in Australia obtain all relevant exemptions and concessions then give Omega Partners Accountants in Sydney a call.
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