thefrnd

What is the Tax if I work for foreign clients

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    Hi,

    I am an IT professional and willing to work as a freelancer. My freelancing clients could be from out side of Australia. And most of the payments might come via online.

    Can anybody please advise how much tax I have to pay for it to ato ?

    BTW, I am Tax purpose permanent resident.

     

    Please advise if it is really feasible other than doing other thing locally.

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    If you are charging your clients an $AUD sum and your business is based in Australia you'd pay the relevant Aussie tax. If you call 13 28 61 they'll give you the exact rates.

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    [TABLE]

    [TR]

    [TD]Taxable income

    [/TD]

    [TD]Tax on this income

    [/TD]

    [/TR]

    [TR]

    [TD=width: 160]0 - $18,200

    [/TD]

    [TD=width: 340]Nil

    [/TD]

    [/TR]

    [TR]

    [TD=width: 160]$18,201 - $37,000

    [/TD]

    [TD=width: 340]19c for each $1 over $18,200

    [/TD]

    [/TR]

    [TR]

    [TD=width: 160]$37,001 - $80,000

    [/TD]

    [TD=width: 340]$3,572 plus 32.5c for each $1 over $37,000

    [/TD]

    [/TR]

    [TR]

    [TD=width: 160]$80,001 - $180,000

    [/TD]

    [TD=width: 340]$17,547 plus 37c for each $1 over $80,000

    [/TD]

    [/TR]

    [TR]

    [TD=width: 160]$180,001 and over

    [/TD]

    [TD=width: 340]$54,547 plus 45c for each $1 over $180,000

    [/TD]

    [/TR]

    [/TABLE]

     

    and you could also be subject to GST of 10% if your turnover exceeds $75,000(AUD). I would suggest seeking the advice of an registered CPA.

    Edited by ShouldIStayOrShouldIGo

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