SMSF – ATO finalises its position in relation to event-based reporting
After detailed consultation with the self-managed super fund (SMSF) sector, the ATO announced today that its i
From 1 July 2017, a new departing Australia superannuation payment (DASP) tax rate of 65% will apply to working holiday makers (WHM). WHM applications processed on or after 1 July may be liable for the higher tax rate.
If you have ever held a 417 (Working Holiday) or 462 (Work and Holiday) visa this may affect you.
You can submit an application by accessing the DASP online application system and you should submit DASP applications as soon as possible to allow sufficient time for them to be processed.
You also have the option to apply for DASP directly using the DASP online application system.
Individuals are encouraged to submit their applications as soon as possible. Applications processed on or after 1 July 2017 may attract a higher tax rate.