Latest News

Keeping you up to date

As discussed in our December newsletter, from 1 January 2017, a new withholding tax rate of 15% will apply to salary and wages paid to working holiday makers from the first dollar earned. Businesses that employ working holiday makers will need to register to withhold tax at the new rate.

However, if you are yet to register do not fear - the ATO have been kind enough to extend registrations to 31 January 2017. The new rate can still be used from 1 January 2017 but we recommend pencilling in that reminder to register before the end of the month.

You can find more information on how to register on the ATO website, along with some helpful notes on employing working holiday makers. 

General Advice

The information provided by Bentleys (Sunshine Coast) Pty Ltd does not constitute financial product advice and is for general information only. It is written without taking into account any individuals personal objectives, situation or needs, and is not intended as professional advice. Any person acting upon such information without receiving specific advice, does so entirely at their own risk. Please contact your Accountant to discuss your personal situation before relying on this information.