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WHV sole trader tax info

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Hello there,

 

I am on a working holiday visa, and have worked as a sole trader with an ABN throughout my stay here in Australia so far, except for when I completed my farmwork to extend my visa.

 

I was wondering if it is possible for those on a working holiday to still setup a payment plan to pay their tax as a sole trader? I have earnt less than the $37000 first threshold for the 2018-2019 tax year, so as I understand it I should be taxed 15%? Is this also correct?

I have had to use money I saved for my tax for an emergency flight back to the UK for a family event so I am concerned about not being able to pay my tax in a lump sum, especially if I end up being taxed more than 15%. I've read that Aussie citizen sole traders can setup a payment plan, but I wanted to check if those on a working holiday visa who have been working as a sole trader are also able to do this.

 

Many thanks in advance to anyone who can advise me here!

 

Sophie

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Hi @animatingsophie,

 

Yes, if you have earned under $37,000 you should only be taxed at 15% if you are on a working holiday visa.

 

Payment plans are available to use to pay off any debts if you meet the criteria listed on the page I linked. You don't just have to be an Australian citizen to use them, they are available to all.

 

Hope this helps! Thanks, NateH

 

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Best answer

ATO Certified

Community Support

Replies 1

Hi @animatingsophie,

 

Yes, if you have earned under $37,000 you should only be taxed at 15% if you are on a working holiday visa.

 

Payment plans are available to use to pay off any debts if you meet the criteria listed on the page I linked. You don't just have to be an Australian citizen to use them, they are available to all.

 

Hope this helps! Thanks, NateH

 

Newbie

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Thank you very much! This was really helpful

 

Sophie

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