New tax rates will apply from 1 January 2017
From 1 January 2017 tax rates are changing for working holiday makers who hold 417 and 462 visas. These rates are known as working holiday maker tax rates.
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If you employ a working holiday maker who is in Australia on a 417 or 462 visa, you:
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must register with us to withhold at the working holiday maker tax rate |
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can visit border.gov.au/vevo to check your worker has a 417 or 462 visa using the Visa Entitlement Verification Online service |
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must withhold tax at 15% on income up to $37,000 and apply foreign resident tax rates on income over $37,000. |
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| The working holiday tax rates only apply to income earned from 1 January 2017.
If you currently employ working holiday makers you’ll need to issue two payment summaries this year:
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one for the period to 31 December 2016 |
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a second for any period to 30 June 2017. |
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