I have recently moved to Australia on a Working Holiday Visa (Subclass 417) and I am working at an employer that is not a WHM Employer.
I assumed I would be on 15% (for the first $45,000 earnt) but unfortunately, have been taxed at 32.5% as a Non-resident.
Firstly, if my company retrospectively becomes a WHM employer, will this revert to 15%?
Secondly, I am soon to be sponsored by my company and transition to a Sponsorship Visa (I assume 457 / 482). Will my tax be back dated so I am then evaluated by the standard thresholds ($18,200 allowance and 19% from $18,200 - $45,000)?
What is my best option here? 32.5% tax is quite significant.
What are the implications to consider when I do my Tax return this year?