Working Holiday Visa Tax Changes
In the 2015–16 Budget the Government announced that it will change the tax residency rules of temporary working holiday makers from that of resident, to that of non-resident, from 1 July 2016.
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In the 2015–16 Budget the Government announced that it will change the tax residency rules of temporary working holiday makers from that of resident, to that of non-resident, from 1 July 2016.
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The 457 visa program offers employers a great deal of benefits such as the ability to access top talent from around the world, to create competitive advantage through hiring people with skills that can’t be found locally, as well as increase diversity in the workplace.
For the sponsored employee a 457 sponsorship promises strong pay and work conditions, quality work experience and high living standards for the employee and his or her family.
Parties go into a sponsorship relationship assuming the placement will go well. Sometimes, however, despite the best of intentions, the relationship does not work out as planned.
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The number of applications for 457 skilled work visas has increased by 15% in a year; with Indian, British, and Chinese workers in particular queuing up to work in Australia, reports theaustralian.com.au.
Australia’s Immigration Department has approved work visas for thousands of engineers and nurses in the past year, despite the Employment Department cancelling their “skills shortage’’ status.