svinnes

We have been in OZ since Oct 05 and came out on a 457 visa, we can now apply for PR but the big question is that i love OZ but i know one day i will return home, and that may be in 4 years time when our 457 visa runs out, but i have heard that if we don't go for PR we are entitled to all our tax back after the 4 years if we leave and stay on the 457, anybody know??
Cheers for any advice
Suzanne

chels

I don't know the answer to your question, but why not work the four years, leave and then apply for PR if it worries you?

svinnes

That was another thought that was an option but i don't know how long you would have to stay out of oz for if you get all the tax back when you leave , i am presumming there must be a clause in it, whether you have to stay out of the country for so many months or years.
Suzanne

iamthecreaturefromuranus

Not sure about getting your tax back... Superannuation yes, but tax is unlikely.

thebears

I think someone has got their wires crossed. You would not be entitled to all of your tax back.

Your residency status (not PR but tax residency) defines in which country you will be paying tax. In the year you leave and in which part of the year would possibly afford you a tax refund.

Certain visa status allows your overseas income to be non taxable (non assessable) in Oz where as PR or residents under other visas to have their worldwide income assessed.

I think you may also be entitled to withdrawal some or all of your super if you are departing Oz on a permanent basis - perhaps this is what you have heard of?

4 years is not along time but gaining PR in any country gives you "options" better to have options than not.

Take proper taxation advise not just heresay (no matter how well intentioned).