anujoz

Hi all.
I recently moved to Melbourne in May. I might be receiving a job offer soon. However, I did hear about a first year tax waiver for new permanent migrants making a move but thats applicable only for their first financial year when they have a taxable income. So ideally i should commence my job from 1st July so that i can take that benefit until June 2014.

Unfortunately I could not locate any such provision on the ATO website. Is anyone aware of any first year tax break for new migrants on a PR visa?

regards, anuj

Alan Collett

There is no such tax break.

Best regards.

Bermudashorts

LOL. Wishful thinking.

umair

Hi,
What this article says then ?

http://www.ato.gov.au/youth/content....01/013&st=&cy=

Cheers.

Dorothy

It says the tax free threshold will be adjusted the first year you are an Australian resident for tax purposes.

old.sparkles

Every resident for tax purposes is allowed to earn a certain amount without paying tax. Once you earn above that amount, then you need to pay tax at the correct rate. If you arrive during a tax year, then you get most of that allowance, but not all of it as the calculation shows.