So can someone please clarify, for an Aus based pilot.
-Cathay Pay the Gross pay into your HSBC bank account, withholding zero tax (HK or Aus)
-We then transfer $$ back to Aus (I've heard around $15AUD fee).
-After our first tax return, post 30th June, we lodge a tax return. From then on, the ATO sends a bill quarterly (effectively PAYG).
-The 15.5%. Is given as a gross amount in cash, into the HSBC bank account.
-We can then either spend it (presumably after paying income tax on it), or set up some kind of salary sacrifice into an Australian Super fund (or self managed).
-Is OABL an Australian or HK based company?
-Is any HK tax payed, or is it solely to the ATO
Any errors or omissions?