Working Holiday Makers

Working Holiday Makers

Do you employ any Foreign Working Holiday Makers? 

From 1 January 2017 these workers are taxed at a flat rate of 15% on their first $37,000 of income earned each year.
Ensure they complete their TFN Declaration form and provide their Tax File Number.  If they do not, you are required to withhold 47% tax on their income.
You must also register with the ATO as being Working Holiday Maker employer.  Click here for more information.