It’s tax time in Australia! That means it’s time for you to lodge your income tax return. We know from experience that in your first (or tenth!) year in Australia, tax can be an overwhelming and complicated area! That’s why we’ve put together this episode to take you through the very basics of the Australian income tax system, and how to prepare your income tax return as an international student. We also break down what you must know about Tax File Numbers and the TFN declaration. This episode contains must-know info on your income tax, do not miss this! Disclaimer: we are not giving financial advice in any way, all information is general in nature and does not apply to your specific individual scenarios. Please seek professional advice if you have any questions :) If you’re listening to this on Spotify or Apple we would be so grateful if you could leave us a rating/review! Timestamps: (2:48) What is a Tax File Number? (7:39) Background to preparing your income tax return (11:31) The income tax return (19:55) The TFN declaration Links: Applying for a TFN: https://www.ato.gov.au/individuals/tax-file-number/apply-for-a-tfn/ ATO tax withheld calculator: https://www.ato.gov.au/Calculators-and-tools/Tax-withheld-calculator/ Income tax rates: https://www.ato.gov.au/rates/individual-income-tax-rates Income tax deductions: https://www.ato.gov.au/Individuals/Income-and-deductions/Deductions-you-can-claim/ Medicare & exemption: https://www.servicesaustralia.gov.au/medicare-and-tax?context=60092 Individual tax return instructions: https://www.ato.gov.au/Individuals/Tax-return/2022/ Tax volunteers: https://www.ato.gov.au/Individuals/Your-tax-return/Help-and-support-to-lodge-your-tax-return/tax-help-program/ TFN declaration form: https://www.ato.gov.au/uploadedFiles/Content/IND/Downloads/TFN_declaration_form_N3092.pdf Working out your tax residency: https://www.ato.gov.au/Calculators-and-tools/Work-out-your-tax-residency/ Social Media: Facebook - The Koala Club Podcast -https://www.facebook.com/koalaclubpod/ Instagram -https://www.instagram.com/koalaclubpod/ Youtube - https://www.youtube.com/channel/UCw-5VTzdXOr0qRTELchqufw 

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