Employee moving overseas now to pay more tax

Informing Medicare of leaving Australia indefinitely has been a major factor in the non-residency of an individual decided by the Commissioner.

The individual was working overseas as an employee of an Australian company. As a result of being a non-resident, higher PAYG withholding applies which may not be retrievable as a credit in the foreign jurisdiction.

This Private Binding Ruling highlights the emphasis that the Commissioner can place on seemingly incidental items such as Medicare.

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Posted in Tax Updates.