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Thread: when do you start paying tax in Australia?

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    Senior Member shopaholic's Avatar
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    when do you start paying tax in Australia?

    Hi I've got a friend with a younger sister and she's not earning a lot but her boss is taking money out for tax and I wanted to know what's the threshold in one year that you can earn before paying tax?
    I love to shop!



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    Gav
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    Hi Shopaholic, you have to start paying tax in Australia when you make over $18,200 in the tax year which runs 1st of July until the 30th of June.

    from moneysmart.gov.au:

    https://www.moneysmart.gov.au/life-e.../starting-work

    Who pays tax?

    All Australian residents have to pay tax on the money they earn. The ATO collects the tax and the government uses the money to provide services like healthcare, schools and roads.Do I have to pay tax?

    You won't be taxed on the first $18,200 you earn in a financial year (1 July to 30 June) because this is the 'tax-free threshold'. Any payments you receive above that amount, including from Centrelink or your employer, will be taxed.
    Your employer will send you a payment summary (this used to be called a 'group certificate') after the end of the financial year (30 June). It shows how much you earned and how much tax you paid in that year.By submitting a tax return, you will get a 'tax refund' or money back if you paid more tax than you should have or if you can claim any tax deductions. For example, if you earned less than $18,200 and were still taxed, you can put in a tax return to get your money back. For more information, see income tax.


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