Nonresidents pay tax on the interest they earn during their stay through a withholding tax.
This is typically withheld by your bank or financial institution. It does not need to be reported on your tax return.
Explore our comprehensive explanations of the various tax items and elements needed to lodge your tax return online. We also answer the most commonly asked questions about tax lodgement in general and our services in particular.
This is typically withheld by your bank or financial institution. It does not need to be reported on your tax return.
Your status as a non-resident of Australia for tax purposes is closely related to:
Your status is unlikely to change unless you apply for an extension of your 12-month working holiday visa or for permanent Australian residency with the Department of Immigration and Citizenship.
You may, however, change your status to a resident for tax purposes by demonstrating that you lived and worked in the same place for longer than six months during the tax year.
Determine your status using the ATO decision tool.
You should try to lodge your tax return during the Australian tax season to avoid the hassle and possible extra cost of filing an early return.
The tax season begins immediately after the end of the financial year and runs from 1 July through 31 October.
The Australian financial or tax year starts on July 1st and concludes on June 30th of the following year.