Understanding Australian Taxes as a New Migrant

When you start working in Australia, you’ll notice tax will be taken out of your paycheck. Australia has a progressive tax system, meaning the more you earn, the higher percentage you pay. Make sure you get a Tax File Number (TFN) from the Australian Tax Office (ATO) as soon as you can – it’s essential for working and paying tax here. If you’ve come from another country, you might also need to file a tax return for any income earned overseas. If you’re not sure about anything, there are free resources and even tax agents who can guide you through the process. Also, its worthy to have an accountant on your side.