TFN Application
May 10th 2008, 5:15 am
#1
The Brains
Thread Starter
Joined: Oct 2005
Location: Dubai / Hervey Bay
Posts: 886
TFN Application
Can I apply for a TFN before arriving in Australia ensuring that interest earnt on money already sent to Australia does not get large amounts deducted from it as source.
Any info appreciated.
Any info appreciated.
May 10th 2008, 5:22 am
#2
Anything,Anytime,Anywhere
Joined: Jan 2004
Location: The Magic Roundabout
Posts: 8,141
Re: TFN Application
Ray, for an individual applying for TFN while living outside Australia read this.....
http://www.ato.gov.au/individuals/co...p=001&st=&cy=1
May 10th 2008, 5:49 am
#3
Forum Regular
Joined: Apr 2008
Location: Gold Coast
Posts: 104
Re: TFN Application
As far as I am aware, you can only apply for TFN once you are here. I think you will be charged higher rate tax on any interest but once you submit your tax return can claim back any overpayments you have made???
May 10th 2008, 5:52 am
#4
Anything,Anytime,Anywhere
Joined: Jan 2004
Location: The Magic Roundabout
Posts: 8,141
Re: TFN Application
Read this.....http://www.ato.gov.au/individuals/co...p=001&st=&cy=1
You are charged at a higher rate if you do not have a TFN, and you will need a TFN for tax return. Save the trouble at tax-time and have a TFN before you get here so the overpayments aren't paid.
Last edited by The Bloke; May 10th 2008 at 6:04 am.
May 10th 2008, 7:31 am
#5
Home and Happy
Joined: Dec 2002
Location: Keep true friends and puppets close, trust no-one else...
Posts: 93,806
Re: TFN Application
Some visa classes you certainly can't get a TFN online before arrival. Whether you can get them direct from the ATO with a paper form I don't know, but if you try and apply online the system doesn't accept you until you have validated the visa.
