Taxback.com have said that people who have worked down under in the last ten years could be owed a couple of thousand back in tax.
Their research has found that people could be owed as much as $2,600 from working there from any time since 2008.
That's a lot of dollary-doos, people.
Eileen Devereux, Commercial Director of Taxback.com said that: "Australia’s tax year ends on June 30th, at which point anyone who has worked in Australia the previous year needs to file a return. In light of this, we thought that this would be an opportune time to remind people not only of their filing obligations, but of their potential refund entitlements."
There are 4 primary cases in which people could find themselves getting a cheque from Australian revenue:
- The recent tax changes were not retrospectively introduced, meaning anyone who worked in Australia in the 9 years prior to the changes (2008-2016), and has since returned home could still be eligible for tax rebates based on the old regime and the historic rates of tax.
- Those who worked in Oz anytime between 2008 – 2016 could also be eligible for a superannuation refund (See Appendix 2) – approximately 62% of the total fund accumulated.
- Anyone who worked after January 2017 could still be eligible for a refund for a myriad of reasons such as overpayment of tax, refund of emergency tax, not including relevant deductions etc.
- Post January 2017 workers could also be eligible for a superannuation refund – albeit at a lower rate – approximately 35% of the total fund accumulated.
Taxback.com say the June 30th date is significant because many Irish workers are not aware that they are legally obliged to file a tax return to Australian tax authorities once the tax year ends.