Why am I being Taxed so much?

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 · Accepted Answer

AlliATO · Answer

You're normally tax based on what you have stated on your Tax File Number (TFN) Declaration form under the residency status and tax withholding details sections. Your payroll officer will need to check their systems to see what details they have recorded against your TFN, they cannot guess. If you have made a mistake on your TFN Declaration and need to update this to correct how much they are withholding, you will need to complete a Withholding declaration (https://www.ato.gov.au/Forms/Withholding-declaration/) form and provide it to them. They will then be able to update their system. Our Tax rate (https://www.ato.gov.au/Rates/Tax-rates---Australian-residents/#Australianresidentstaxrates2020to2024) tables page will give you a guide on how much tax you should be paying based on your earnings if you a resident for tax purposes. Working holiday makers have a different tax rate, these can be found on our Tax rates- working holiday maker (https://www.ato.gov.au/Rates/Tax-rates---working-holiday-makers/) page. What happens with Visas is a question for Border Force as it depends on the visa conditions and how this may affect your residency status for tax purposes. You may need to re-assess this once you receive the new visa.

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