hi i am applying for 407 visa, previous i had 408 and i was paying 15% of tax from every dollar earn.
with 407 should be the same ?
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1 replies
Howdy @MariaPia,
The tax rate for the 407 visa can vary based on your residency status for tax purposes.
- If you're considered a non-resident for tax purposes = be taxed at 32.5% on every dollar earned up to $120,0002.
- If you're a resident for tax purposes, the tax rates will be different and may include tax-free thresholds and progressive rates. See here for tax tables.
All replies
Howdy @MariaPia,
The tax rate for the 407 visa can vary based on your residency status for tax purposes.
- If you're considered a non-resident for tax purposes = be taxed at 32.5% on every dollar earned up to $120,0002.
- If you're a resident for tax purposes, the tax rates will be different and may include tax-free thresholds and progressive rates. See here for tax tables.
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