Sign up for our daily Newsletter and stay up to date with all the latest news!

Subscribe I am already a subscriber

You are using software which is blocking our advertisements (adblocker).

As we provide the news for free, we are relying on revenues from our banners. So please disable your adblocker and reload the page to continue using this site.
Thanks!

Click here for a guide on disabling your adblocker.

Sign up for our daily Newsletter and stay up to date with all the latest news!

Subscribe I am already a subscriber

Workshop to inform Australian farmers on backpacker tax obligations

While the chaotic battle over the backpacker tax is over, some worry that some farmers may be confused over the new tax rules they must abide by. The new changes came into effect on Jan 1st, requiring farmers to pay 15% in income tax from the first dollar earned and includes changes to backpackers' superannuation taxes.

NSW Farmers Industrial Relations Manager Matt Waring said some farmers might not be aware of their new obligations.

"Farmers and labour hire contractors had until January 31 to register with the ATO to apply the new rate to current employees, otherwise they will have to withhold the full 32.5% foreign resident tax rate," Mr Waring said.

"For those that did register, you should withhold 15% from every dollar earned up to $37,000, with foreign resident tax rates applying from $37,001."

"Registration is still open for employers who are engaging new employees in 2017 and we understand the ATO is working on new Tax File Declaration documents to make the transition a bit easier."

Mr Waring said NSW Farmers is hosting a series of workshops on the north coast to inform farmers about obligations for backpackers, providing on-farm accommodation for employees, award rates and using farm contractors.

source: coffscoastadvocate.com.au

Publication date:

Related Articles → See More