FNSAZZ512 Prepare Tax Documentation for Individuals

PR Task 1

Research 417 Visas and Residency requirements using the Internet, ATO website & answer the following questions:

1.1 What are the 2019/2020 tax rates for a person with a 417 Working Holiday Visa?

1.2 Are 417 Visa holders generally considered to be Residents of Australia for tax purposes?

1.3 What age group are 417 Visas issued to?

1.4 Do 417 Visa holders pay the Medicare Levy?

1.5 Can 417 Visa holders claim a Low Income Tax Offset (LITO)?

1.6 Can 417 Visa holders claim a Low and middle income tax offset (LAMITO)?

1.7 Briefly describe any future legislative changes which are currently before the Courts and may apply to 417 Visa holders.

PR Task 2

You have a client who has been working as fruit picker in Mildura and plans to travel around Australia for the remainder of their stay. The client arrived in Australia on 1st March 2019 and needs to complete tax return for year ended 30^th June 2019. The client is single, aged 23 and holds a 417 Working Holiday Visa, granted on 20 February 2019. The client plans to leave Australia and return home to Germany in October 2019.

NB: 2019 tax year is being used as 2020 Tax Estimator is not yet available on ATO website

Chisholm Estates of Mildura issued the following Payment Summary and had registered with the ATO that they were employing a 417 Visa holder: