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Bill Exempting Temporary Residents from Tax in Australia Approved by Parliament

Bill Exempting Temporary Residents from Tax in Australia Approved by Parliament

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Old Mar 29th 2006, 4:03 am
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Default Bill Exempting Temporary Residents from Tax in Australia Approved by Parliament

More details here:
http://www.gomatilda.com/news/article.cfm?articleid=379

Best regards.
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Old Mar 29th 2006, 6:36 am
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Default Re: Bill Exempting Temporary Residents from Tax in Australia Approved by Parliament

Originally Posted by Alan Collett
Superb!! We fly tomorrow and this is relevant to us - thanks Alan!

Rach xxxx
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Old Mar 29th 2006, 8:38 am
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Default Re: Bill Exempting Temporary Residents from Tax in Australia Approved by Parliament

Fan-bloody-tastic!
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Old Mar 29th 2006, 9:34 am
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Smile Re: Bill Exempting Temporary Residents from Tax in Australia Approved by Parliament

Originally Posted by Alan Collett
Alan, do you happen to know if this includes subclasses 444 and 461?

Thanks

Buzzy
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Old Mar 29th 2006, 10:11 am
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Question Re: Bill Exempting Temporary Residents from Tax in Australia Approved by Parliament

Originally Posted by Alan Collett
Alan

Does this mean that until you become an Australian citizen you are exempt tax (PR visa is only for 5 years so must be counted as temporary?) Also, dont you need to be a "citizen" to get benifits?

Richie.
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Old Mar 29th 2006, 10:14 am
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Smile Re: Bill Exempting Temporary Residents from Tax in Australia Approved by Parliament

Originally Posted by rima+kids
Alan

Does this mean that until you become an Australian citizen you are exempt tax (PR visa is only for 5 years so must be counted as temporary?) Also, dont you need to be a "citizen" to get benifits?

Richie.
PR is permanent, that means for ever. Your PR status is renewable at the end of 5 years assuming you have not taken up citizenship. So I dont think this will apply to you.

Cheers

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Old Mar 29th 2006, 10:26 am
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Default Re: Bill Exempting Temporary Residents from Tax in Australia Approved by Parliament

Originally Posted by Buzzy--Bee
How can a PR visa be for 5 years? PR is permanent, that means for ever.

Sure you don't have TR?

Cheers

Buzzy

No, PR 136,it say's so on the visa, valid for 5 years - you have the option to apply for citizenship if you want ie 2 years in Oz (at the mo, soon to be 3) within the 5 years - after that you have to apply for a further visa (well thats how I read it)


Richie
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Old Mar 29th 2006, 10:30 am
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Default Re: Bill Exempting Temporary Residents from Tax in Australia Approved by Parliament

Originally Posted by rima+kids
No, PR 136,it say's so on the visa, valid for 5 years - you have the option to apply for citizenship if you want ie 2 years in Oz (at the mo, soon to be 3) within the 5 years - after that you have to apply for a further visa (well thats how I read it)


Richie

It is valid for Multiple travel to and from Australia for 5 years, after that you need either a RRV or citizenship ( which gives you an Oz passport). You can however stay in Oz forever with it as you are a permanent resident, providing you do not leave the country.

A temporary visa is one where you have to leave the country after the expiry date.

That is the difference
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Old Mar 29th 2006, 10:36 am
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Default Re: Bill Exempting Temporary Residents from Tax in Australia Approved by Parliament

Originally Posted by rima+kids
No, PR 136,it say's so on the visa, valid for 5 years - you have the option to apply for citizenship if you want ie 2 years in Oz (at the mo, soon to be 3) within the 5 years - after that you have to apply for a further visa (well thats how I read it)


Richie
The 136 visa is a *permanent resident* visa; it's not temporary. Once you've validated the visa you have up to the 5 year date shown on the visa to move to Australia. If you haven't applied or don't yet meet the requirements for citizenship when those 5 years are up, you *do not* need to apply for a further visa to remain living in Australia. If after those 5 years (and not having citizenship) you want to go on holiday outside of Australia, you need to apply for a Resident Return Visa (RRV). Otherwise, you won't be able to get back into Australia from your holiday.

Have a look on the DIMA website; it's all explained there.

Gina
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Old Mar 29th 2006, 10:38 am
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Default Re: Bill Exempting Temporary Residents from Tax in Australia Approved by Parliament

A permanent residency visa allows you to live in Australia indefinitely. It is only if you want to travel outside Australia and return after the visa has expired that you need a RRV.

Alternatively you obtain Aussie citizenship and visas become a non issue.

Best regards.
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Old Mar 29th 2006, 10:39 am
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Default Re: Bill Exempting Temporary Residents from Tax in Australia Approved by Parliament

No it doesn't.

Best regards.



Originally Posted by rima+kids
Alan

Does this mean that until you become an Australian citizen you are exempt tax (PR visa is only for 5 years so must be counted as temporary?) Also, dont you need to be a "citizen" to get benifits?

Richie.
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Old Mar 29th 2006, 10:42 am
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Default Re: Bill Exempting Temporary Residents from Tax in Australia Approved by Parliament

Thank you all for putting me right, must read slower and take it all in, not just skim across all the 100's of pages!!

Note to self - SLOW DOWN!!

thanks again

Richie.
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Old Mar 29th 2006, 10:43 am
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Default Re: Bill Exempting Temporary Residents from Tax in Australia Approved by Parliament

Originally Posted by Alan Collett
Any chance it could be applied retrospectively? We could do with a winfall right now!!

D
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Old Mar 29th 2006, 10:43 am
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Default Re: Bill Exempting Temporary Residents from Tax in Australia Approved by Parliament

Originally Posted by rima+kids
Thank you all for putting me right, must read slower and take it all in, not just skim across all the 100's of pages!!

Note to self - SLOW DOWN!!

thanks again

Richie.
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Old Apr 5th 2006, 11:47 pm
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Default Re: Bill Exempting Temporary Residents from Tax in Australia Approved by Parliament

Article 23, para 2 would seem to indicate that if you are a temporary tax resident in Australia you would not be liable to tax here on your UK source income but only if you were paying tax on it in the UK.

That doesn't mean that you get of scot free, you will pay tax somewhere. Either here or the UK.
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