If you work in Australia and came on Working holiday makers and if you get tax withheld amount from your employer, You need to lodge your tax return in this financial year 2020
The tax return need to lodge or not depends on your assessable income and also depends on your visa conditions. It’s different from person to person and their earning ability.
The Australian income year starts on 1 July 2020 and ends on 30 June 2021 the following year.
If you work as working holiday maker , the first $37,000 of your income is taxed at 15% and the rest of your income will be considered as taxed ordinary rates.
You are a working holiday maker if you have a visa subclass of either:
- 417 (Working Holiday)
- 462 (Work and Holiday).
When you leave Australia you can also apply for superannuation from ATO which is called departing Australia superannuation payment (DASP). The tax on any DASP made to working holiday makers on or after 1 July 2017 is 65%.