How Australians Can Pay ZERO Taxes Legally! Australia Taxes and Australia Tax Residency Explained

Very vauge video.

hey mate, I am a Permanent resident in Australia but currently living in BALI doing FIFO 3 weeks on 2 weeks off job in australia.. I am only in australia 3 weeks and work on a jobsite for those 3 weeks fully paid accomodation and everything, on my 2 weeks off i get to go back in live in BALI. Just wondering am I eligible for this ? since I am only in Australia for work and not reside(?) Thanks, great content

j'aime

Not possible for me.

boss can you introduce yourself..whats yur name

ato is watching your video boss ha ha

Does this still apply given things are rapdily changing around the world?

Why would you want to pay zero taxes??

Taxes provide us with a system that works for us, to avoid taxes is a joke! This is concerning, and it's totally a lie, there is no avoiding tax with earning Australian source income. The ATO isn't stupid!

How? Thay bloody tax working holidays

Dubai? No thanks. Great video though

Don't come here Australia sucks

Australian pay highest tax in the world, 64,5% of every dollar earned per individual goes to the government once you include gst,personal tax, stamp duties and hidden taxes

@WealthyExpat
If an American acquires Australian PR via 190, but don't intend to live in Australia, only for vacationing a couple of months in a year or retiring decades in the future, would the PR visa automatically make this person an Australian tax resident? Even if the tests mos likely indicate they're foreign?

What would you do with your Australian Super if you wanted to become a non Australian resident?

Interesting I just don't want to be fukt by tariff taxes and any import tax in general

Am moved to Australia last month. Am a social media manager and my sales comes from Nigeria, what do I do regarding tax in this scenerio?....Also can you recommend a tax filing partner in Australia?

Got any videos on ways to reduce tax as a resident of Australia? With assets etc

Hey mate. If you move your crypto from one exchange to another, it’s a taxable event in Australia

Hi Guys, sorry not related to this video.
I saw your video on selling home and exempts from CGT.

Have some question -
For example -
If I sell property in Oct 2022 my main residence (where I lived since 2014)
Only have one residence
So after selling this property and I decided to move to overseas …. So I still pay EXIT TAX…..

I am Australian citizen
Have this property since 2013 (never rented - always living in this property )
And have one investment property in Brisbane (renting)

Do I still have to pay tax if I move overseas
And May live there temporarily like 8 months and then come back or May be decide to stay there indefinitely?

Thanks for your help.

The shittiest part is the bank account thing as there are plenty of reasons to have bank accounts in many countries, even Australia (makes paying govt fees - passport, ATO, etc. easy). Australia is the only bloody country that in one breath say that you can have as many bank accounts around the world as you like as long as you let the ATO know about them, but then in the next breath they argue that even one bank account in Australia makes you subject to being tax resident. It's beyond screwed up.

Two examples (family ties thing):
* A former colleague of mine was deemed tax resident because his sister and his parents remained in Australia (this excuse is used by the ATO if you're single and/or don't have kids).

* A friend got deemed tax resident because he didn't take the family dog (legally belonged to his parents so there was nothing he could do) overseas because it was deemed a "family tie".

I guess the best way to leave the hellhole that is Australia is to go full scorched earth - move everything overseas, talk your relatives into moving overseas (not sure if uncles, aunts, cousins, etc. count in the eyes of the ATO), and then finally renounce citizenship (if the regime will allow that - they generally don't allow that) and then never return. Short of that the ATO will do everything in their power to take every last cent they can get from you - hence the upcoming horrible tax residency rules that everyone is talking about.

what sort of person wants to pay no tax to a country that it enjoys the benefits of? it's one thing to reduce it but to pay absolutely NO tax at all? everyone should share a little in that burden and the tax burden obviously changes depending on how wealthy you are.

How do I book a call ?

Do you know if it's possible for Australian or NZ citizen to get bank loan to buy property/live in Vanuatu?

I had no idea Trevor Noah was such a tax guru!

I'm hoping to do this soon. Im gonna emigrate fron here

Australians pay billions in taxes a week if you consider the whole population of workers, I pay about 1300 a week tax, you wonder where all this money goes, we just living in a currupt government who steals

I have all my assets in Australia but what if I intend to retire overseas and use the rental income from my properties in Australia? How do I avoid being taxed as a non-resident which is a higher tax rate. On this occasion I prefer being taxed as a resident.

Unfortunately, unless you have $10’s of millions, this doesn’t work. As an example, if you own $1 million in fully franked shares in Australia you will pay less than if your a non Australian with $1 million in shares because of the 20% withholding tax. I haven’t done the sums over $1 million but you could probably still be better off with $2-3 million in fully franked shares as an Australian and live outside Australia than becoming a non resident for tax purposes.

As an indian who pays about 60k in tax annually, i would love to be in Australia, pay tax here and enjoy the benefits here rather than be in a tax heaven infamous for human rights abuse

Hi, can i rent a house in Australia I own? Or does that automatically make me a tax resident even if everything else is offshore?

Sounds to me like "how to not pay tax in Australia" .. = don't be Australian.

If I buy BTC for 10k and it goes up to 60k total, than I pull out my initial 10k investment and keep my gains (50k) in my wallet. Is this a taxable event?

Hahaha 🤣 everyone pays taxes here in Australia there are no zero taxes , you come to Australia you pay fuel excise which is a tax , you pay GST on everything you buy you also pay an internet tax if purchasing on the internet in Australia all those are invisible taxes you believe you are not paying but you are ! They made those invisible taxes to combat all of you tax dodgers who believe that they are better than everyone else

Australia has one of the most vicious bastard tax systems in the world..

ATO was never gazetted to be lawful in the first place, we don't owe any foreign registered administration anything. This is a common law country as it states on immigration documentation. The corruption of AUSTRALIA in all caps is not our mainland as proven on maritime mapping coordinates. All foreign registered administration has no place on our mainland. Corporat maritime crap on land is communism. Your lack off knowledge in this area is disgusting.

Non-Resident still have to pay tax all Australian source income. So simply being an resident somewhere doesn't allow you to avoid paying tax in Australia.

Good bye, don't come back

Don't buy anything if you don't want to pay tax, every one has to pay tax

This American has no idea , we don't just pay income tax & business tax in Australia

If you are not earning any income from Australia, why would you be worried about paying any tax? If you do earn income in Australia as a non resident, no matter where you are living, you pay tax on that Australian income.

Great info mate. Thanks a Million.

Australia ey!! great video! :)

I have no apartments in Australia or anything like that, however, I do have a superannuation and a share portfolio (just index funds). Does anyone know if I'd be forced to sell these as well?

Thanks for the info, is it possible to make a video on the transition of crypto accounts from one country to the other. Like how to legally move ur accounts and change the residency status on those accounts, reference to tax purposes

People will be kicking themselves in few weeks if they miss the opportunity to buy and invest in Crypto as it's retracing....BE WISE✅✅.....

Thanks!!