Win for backpackers!
When: From January 2017
Who: Working holiday makers (visa subclasses 417 and 462)
What:
The tax rate for backpackers will be reduced to 15%, down from the 19% announced in September
Superannuation for backpackers will be taxed at 65% instead of 95% upon leaving the country
Backpackers are in short supply at the moment, so now is as good a time as any for backpackers to come to Australia!
For more information: http://www.afr.com/news/greens-deliver-government-win-on-backpacker-tax-20161201-gt1wo6