sounds cool

Gents, i have a situation and would like to seek for advice. I am going to relocate back to Malaysia and will be working from home. But my salary still issued from my Australia office.

I am currently using CurrencyFair to transfer money back to my Singapore account/Malaysia account. So it is not a problem for me to get the money.

The problem is with the tax, so to which country i should pay my tax ? Australia or Malaysia ? and if paying to ATO, what is the usual rate ?

and ya, i am holding Visa 457.

Why not come London?

Not a tax expert, but think u would need to pay Oz tax. U will need to seek further clarification from a tax agent/accountant. For the rate: www.paycalculator.com.au. Enter your salary there. Tax rates can be 15% for those earning around 30K a year to 25% earning 80K a year (approx).

To transfer $, can also consider opening Citibank AU and Citibank MY accounts. Transfer between accounts is immediate. No extra fees incurred for transfer beyond the xchange rates, which do not seem too bad to me (but then I only x-fer small amts).

You'll need to speak to your company or a tax agent. Note that I'm not an accountant, but has been in similar situation before.

There is the question of whether you are an employee or a contractor. Assuming you're a full time employee, if your salary is issued from Australia, you will be expected to pay Australian taxes.

Where it gets complicated is what are you doing in Malaysia. If you are purely working on Australian projects, i.e. your presence in Malaysia does not contribute to your income, then the matter should be more straightforward. However, if your income in Australia is derived from you working in Malaysia (and you are working for extended period in Malaysia), then you will have to pay Malaysian taxes as well.

Countries tend to have tax arrangement between each other, so you'll have to work it out to ensure you don't end up paying too much taxes.

The last time I had this situation, my company had to get an accountant to file my taxes for me.

U r right it is complicated. Only an accountant can ensure taxes are correctly paid.

I heard that there are "resident for tax purposes" and "non resident for tax purposes" which have nothing to do with yr visa/immigration status and tax is calculated differently.

Oz does have a double tax treaty with MY, meaning if u pay tax in Oz, u don't have to pay again in MY.
BUT if you pay say, 12% tax in MY AND if you are a resident for tax purposes, AND the tax rate for the same salary in Oz is 25%, u will need to pay 13% difference to Oz.

Complex? Very.

May I ask why you want to relocate back home ? Thanks.

Just booked my visa medicals. Goddamned BUPA is charging 580 dollars for a medical these days and that's a Class A ripoff.

Somehow feel these days that the economy is going into the shitter soon. I'm going to save up and sign on for a more permanent role while keeping my loans paid ahead so I can take long repayment holidays if required. I have a feeling that a lot worse is just hiding over the horizon.

where ya going? ,tripple the worst

This post has been edited by KVReninem: Apr 9 2015, 12:58 PM

Finishing up my Canada PR liao. Just need medicals.

Might do one more tour of duty up north in Darwin if INPEX needs more folks or move to Snowy in an attempt to convert my current home to an investment property. Either way, ready to bail!

good choice.
http://www.tradiesfinance.com.au/tax-deductions.html

does hockeynomics really work or he just tossing hockey?

http://www.perthnow.com.au/news/western-au...3-1227296651170

at this point we know Iron ore had slump close to US40...

This post has been edited by KVReninem: Apr 9 2015, 02:16 PM

I am going back to take care all my customer base at Asean region

This post has been edited by underGr0und_8: Apr 9 2015, 05:33 PM

Thanks for the answer. But i guess at this point it is quite happy, to spend in MYR while earning AUD

thanks for the reply. how long have you been into Oz ?

That is cool, mind to share what's your gig?

Hi All,

Can you pls give me some advice:-

I am not able to migrate to Australia as I lack the points for visa application. So , I wish to plan ahead so that my son could migrate in the future.

Problem is he is 18 this year and both of us are not sure what he should study for degree next year. I cant afford to send him to Australia for his degree, which means we need to decide what area he needs to study for his undergraduate to ensure he will qualify to apply for PR in the future.

1. Does it matter where he studies here in Malaysia?

2. If the university he studies does not confer any foreign university degree but just local degree of the university, would that jeorpadise his chances of it being recognized as suitable qualification in Australia?

3. Any suggestion which area of studies that my son should pursue in order to increase his chances of getting his PR in the future?

4. Is it a good idea to meet up a Migration Agent like Auslife at Mont Kiara and ask them advice for all the above questions?

I'm sorry if this a wrong place to ask but if anyone could share their words of wisdom as to how shall I prepare for my son so that he could get PR in the future and migrate overseas?

Thank you so much.

This post has been edited by Propernormal: Apr 10 2015, 11:30 AM

Just one year but my visa is 4 years
Software Consultant.

my quick input
1. no
2. no
3. it really depend what professional are needed by Australia during his PR application
4. if it is chargeble, no.

Its going to be difficult to gauge the requirements for aussie migration 5 years from now. Yes see a migration agent and ask for options available to you/son
In terms of education, need to make sure its from a recognized twinning program, preferably UK or Aussie. That way if he graduates with a degree its counted as a degree based on Australian standards .

If you opt for a local U, during assessment with respective Aussie authorities a degree could easily be downgraded to a diploma hence you lose points.

Anyways best to consult a competent migration agent.

Immigration requirements change every July 1st for Australia.