Welcome to NR Tax Savers & Professionals

We offer one stop shop taking care of bookkeeping and returns.

You will receive extra benefits every time you use our professional services, as we believe in:

T ruthfulness

R espectfulness

U nderstanding

S upplying comprehensive approach

T raining and guidance

Our aim is to give personalized professional service to all clients and Guidance towards reducing tax liabilities legally.

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Completing your tax return

Investment FAQ

Non-resident aliens can hold investments in the United States quite easily. A "non-resident alien" (NRA) is the U.S. government's name for a citizen of a country other than the U.S. who also lives outside the U.S. The only thing non-resident aliens have to be concerned about if they have U.S. investments is taxation.

Effect of being a non-resident?

• pay tax on all salary and wage income earned in Australia. The non-resident tax rates are different from resident tax rates. 
   
• have 10% of any interest earned from your Australian bank accounts withheld for tax. This interest is not included as assessable income. You need to advise the Australian financial institution of your overseas address so that this tax can be withheld otherwise tax will be withheld at the higher rate of 46.5%

Capital Gains Tax

Under Australia's domestic taxation laws, and in particular the relevant CGT provisions, the gain on the sale of Australian real property is subject to Australian income tax. Under Australia's double tax agreements ('DTAs'), Australia generally reserves the right to tax a gain on the sale of Australian real property - refer to the Alienation of Property Article (Article 13) of most DTAs. Therefore, where a non-resident makes a gain on the sale of Australian real property, the non-resident will be subject to Australian income tax on that gain

Non-Resident Tax Issues

For Australian income tax purposes, a non-resident is generally only assessable on income arising from sources in Australia. Gains arising from the sale of an interest in Australian real property is regarded as having a source in Australia. In addition, gains arising from the sale of interests in a company or trust that has assets being Australian real property interests is also regarded as having a source in Australia where those real property interests represent more than 50% of the market value of the underlying assets ('land rich' entities).

The CGT Reforms will also result in assessable Australian capital gains arising on the sale of non-resident entities being taxable in Australia where those entities (on a trace through basis) are land rich in Australia. Existing interests will transition into the Australian tax net with a cost base equal to market value on 10 May 2005.

Residents

Non-Residents

Repaying HECS

      

      

      

      

      

Repayment rates for the 2009–10 income year

Financial Supplement debt 2009-10

For HECS & SFSS no repayment

      

      

Medicare Levy Threshold

              Meal allowance

              Reasonable amount for 2009-10

              Table 1: Table of Countries

Motor Vehicle Depreciation Cost-Limit

Per Kilo-meter Motor Vehicle Rates

The rates are based on the engine size of the car and are as follows:

Deductible Superannuation Contribution Limits

* Both employers and substantially self employed persons are entitled to claim a full tax deduction for the entire contributions made.

 Super Co-Contribution

Contributions that do not attract the co-contribution

Receiving the super co-contribution

o   Income threshold test

o   10% eligible income test

Example of different income’s included in total income are as follows: