[NEWS] Changes To Backpacker Taxes, Fees, Age Limit and Employer Rules

News update for working holiday makers! As of 1 January 2017, key changes will come into effect. Here's a summary:

1. Age Limit Increased Currently, applicants must be under 31 to apply. This will increase to 35 as of 1 January 2017.

2. Taxes Changed For earnings up to $37,000, tax rates will reduce from 32.5% to 19.0%. Regular marginal tax rates will apply to earnings after $37,000. However, the 9% superannuation paid will be taxed at 95% instead of 35% upon leaving the country.

3. Application Fee Reduced Will reduce from $340 to $390.

4. Flexible Employer Arrangements Currently, working holiday makers cannot work for more than 6 months for the same employer. From 1 January 2017, working holiday makers will be able to work for the same employer up to 12 months, as long as the second 6-month block is in a different region.

Overall, Working Holiday Makers should largely welcome these changes as it provides a lot more flexibility to the current program.

If you have any questions, message us at any time or book in your FREE 1-to-1 consultation today!

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