Hi there,
I've temporarily moved overseas as of January 2023 and taken care of my tax payable for the 22/23 Financial year, up until the point where I was no longer resident for tax purposes in Australia.
I've since then received a form in the mail regarding PAYG instalments for the current financial year.
The problem is, I have still not returned home and don't plan to until at least the 24/25FY, so I will have no Australian income to pay tax on.
I've contacted the ATO via phone and I was told I can just vary each instalment (theoretically, down to 0 every time). The issue is, will I not just be building up a debt until the end of the financial year?
Ideally, I would like to dismiss the instalments completely and clarify to the taxation office that I will not have any income in Australia this year.
If I just keep varying the instalments down to 0. Can I at the end of the year report no income without any issues?
Or do I need to call back and again attempt to notify that I will not be earning in Australia, and only plan to return after this FY?
Any help and information is much appreciated.
Thank you
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