Korean Job Discussion Forums

[Ruthdes]

So I was randomly reading the articles from The Age business section that I get once a week and came across this article.

http://www.theage.com.au/news/business/money/tax/stints-abroad-attract-more-tax/2009/07/07/1246732332884.html

It basically says that, as of July 1st, unless you can show that you're a permanent non-resident: i.e. you have moved overseas permanently; you have to pay the difference between the tax rate you pay here and what you would've paid if you'd earned the same money in Australia.

I emailed my accountant to ask him about it. He said that as I don't have property in Australia, and have a home here, we could make a good case for me being a permanent non-resident, even though I know I'll go back eventually. Unfortunately it seems far from cut and dried.

So to all the Aussies out there, I would suggest you contact your accountant, or get someone to check it out for you at home. I know that I will be VERY unhappy if I have to pay the difference when I go back home.

[AussieGav]

An interesting article, but I dont think it will affect those comming here to teach, unless you ahve a family at home. Seems to be aimed much more at the "fly in, fly out" workers doing overseas shifts. What is a little concernng though is that there is a policy shift towards taxing overseas income.

If it were to affect us though it would certainly mean teaching in Korea would no longer be a viable option.

[big_fella1]

My understanding was that this would only affect you if you still earn income in Australia. I could be wrong but I am not worried.

I'm married with a kid on the way earning around AUD$25,000 a year at the moment, I dare them to declare me resident, then show me the handouts

Might have to go home to have the kid $5000 plus immunisations, rent assistance, family payment, and if they current economy continues maybe the dole as well.


I ' M R I C H !

[Ruthdes]

[The evil penguin]

I guess it all depends on how well the korean and australian tax departments talk to each other.


If its anything like what happens in the average teachers staffroom (or in my case, office), i think we have nothing to worry about.

A bunch of aussie and korean money-grabbers hanging up their phones in dazed confusion thinking "what the hell was that?"



Otherwise, why declare it?

Thats right, i spent the last year and a bit in china hiking the great wall, and a year in korea taking kimchi-making classes.... just like those years in korea 4 years ago......... honest!

[AussieGav]

I agree, anyone only here for a year short talk to someone just in case. I too figure I am exempt having been here 3 years and married here, but it is still of interest/concern. Hope all goes well for everyone.

[AustSaint]

Thanks for the heads up, but I think I will be okay as I have lived away from Australia fro the last few years and can't see myself returning anytime soon. I don't even have an accountant to ask, I don't think I have ever filled in a tax return because I have been gone so long.

[angelgirl]

I contacted my accountant who told me that the Oz Taxation Department will give me a tax credit on the tax that I've paid here in Korea. This will reduce the amount of tax I pay in Oz.

[bassexpander]

Americans have to prove that we've lived outside of the USA for a certain number of days per year. Then we get our exemption.

[Teelo]