Lodging an Australian Tax Return as an International Student

Understand the Australian tax reporting process In Australia

Tax affairs are handled by the Australian Taxation Office (ATO) via the MyTax system. When preparing to lodge a tax return, make sure you have registered for a MyGov account and linked to the ATO service (have all important documents handy!)

Am I considered a resident for tax purposes? 

While this question can be tricky it is super important to understand if you are considered a resident or nonresident by the ATO, as it will have a substantial impact on how much tax you pay and if you’re exempt from the Medicare levy.

Do I need to lodge a tax return?

Surprisingly, not everyone needs to submit a tax return! If you meet certain criteria, you may be eligible to submit a non-lodgment advice form instead which lets the ATO know you won’t be lodging a tax return this year and not to mark you down as having outstanding tax!

What are deductions?

Deductions are expenses that can be subtracted from your tax total for eligible expenses. Keep eligible receipts or track your expenses through the financial year via MyDeductions on the ATO mobile app!

Foreign income vs national income?

Tax paid on foreign vs national income varies greatly so it’s important to note which one (or both) applies to you!

Overseas Student Health Cover (OSHC) vs Private health insurance

Do you have a private health insurance policy that makes you eligible for Medicare (excluding OSHC)? Check with your insurance provider to understand if you must report the cover on your tax return.