Go Back  PPRuNe Forums > PPRuNe Worldwide > The Pacific: General Aviation & Questions
Reload this Page >

taxation issues for an aussie working in korean airlines

Wikiposts
Search
The Pacific: General Aviation & Questions The place for students, instructors and charter guys in Oz, NZ and the rest of Oceania.

taxation issues for an aussie working in korean airlines

Thread Tools
 
Search this Thread
 
Old 3rd Apr 2011, 15:43
  #1 (permalink)  
Thread Starter
 
Join Date: Apr 2011
Location: australia
Posts: 2
Likes: 0
Received 0 Likes on 0 Posts
taxation issues for an aussie working in korean airlines

Hi all,

I'm an Australian citizen considering applying to Korean Airlines. I plan to be based in Australia however I don't know where I stand when it comes to the taxation issues in Australia. Would anyone be kind enough to shed some light on this issue.

Regards,
Prodigy777
prodigy777 is offline  
Old 3rd Apr 2011, 21:57
  #2 (permalink)  
 
Join Date: Oct 2000
Posts: 247
Received 7 Likes on 5 Posts
I have never investigated but from my understanding of the bar talk that I hear, if you reside in Australia then Mr Taxman will want his share.
engine out is online now  
Old 3rd Apr 2011, 22:16
  #3 (permalink)  
E&H
 
Join Date: Dec 2003
Location: Australia
Posts: 67
Likes: 0
Received 0 Likes on 0 Posts
Taxman

Find out if the ATO has an agreement with Korea and if you will be paying tax in Korea if yes to both then you will have to pay for your medicare levy here in oz...You can find out if Korea has an agreement with Oz by going onto the ATO website...if they don't have an agreement then chances are you will have to pay tax here...you can thank K Rudd for that one...also ring the ATO and tell them your details and they will help although when I did they were still working through the new rules and were confused themselves...they should have their story straight by now though????

Where I work I am taxed at a higher rate than in Oz so all I pay is the medicare levy...as my accountant says if it were a true agreement by rights I should get tax back.
E&H is offline  
Old 4th Apr 2011, 07:39
  #4 (permalink)  
 
Join Date: Mar 1999
Location: Melbourne Australia
Posts: 87
Likes: 0
Received 0 Likes on 0 Posts
"Where I work I am taxed at a higher rate than in Oz so all I pay is the medicare levy...as my accountant says if it were a true agreement by rights I should get tax back. "

Pray Tell where this place may be...I thought OZ was the World leader in Income TAX Imposition..
Minosavy Masta is offline  
Old 4th Apr 2011, 09:13
  #5 (permalink)  
Thread Starter
 
Join Date: Apr 2011
Location: australia
Posts: 2
Likes: 0
Received 0 Likes on 0 Posts
Many thanks to all of you for the information


Cheers
prodigy777 is offline  
Old 4th Apr 2011, 11:34
  #6 (permalink)  
 
Join Date: Jan 2008
Location: YMML
Posts: 288
Received 0 Likes on 0 Posts
...I thought OZ was the World leader in Income TAX Imposition..
Bad enough, but there are many worse...see Forbes' Tax Misery Index below which covers most of the big taxes, though not all:



Prodigy - PM me if you want some specific advice re Korea etc.

T.
Teal is offline  
Old 4th Apr 2011, 12:39
  #7 (permalink)  
 
Join Date: Jul 1999
Location: Sydney
Posts: 817
Likes: 0
Received 0 Likes on 0 Posts
get the job first..... then think about that!
apache is offline  
Old 4th Apr 2011, 13:20
  #8 (permalink)  
 
Join Date: Sep 2007
Location: asia
Posts: 947
Likes: 0
Received 0 Likes on 0 Posts
I thought OZ was the World leader in Income TAX Imposition
Live in a hole like Hong Kong for a few years and you will soon see why Oz tax is double, it's worth every cent !

Korea does not have a tax treaty with Australia so you could conceivably end up paying tax in both countries, a private ruling from the ATO is the only way to go.
hongkongfooey is offline  
Old 4th Apr 2011, 15:02
  #9 (permalink)  
 
Join Date: Aug 2007
Location: between supple thighs
Posts: 243
Likes: 0
Received 0 Likes on 0 Posts
A tax treaty is in place with South Korea
Countries that have a tax treaty with Australia
however you are not employed by KE, you are employed by a contracting company.
sleeve of wizard is offline  
Old 4th Apr 2011, 21:49
  #10 (permalink)  
 
Join Date: Aug 2007
Location: Australia
Posts: 359
Received 1 Like on 1 Post
Prodigy777

I think you will obtain a lot more useful and accurate information if you ask this question on the South Asia and Far East forum.

For the most part they will answer your question without pontificating and hijacking the thread and will most likely have the facts.

Good Luck with the contract.
ad-astra is offline  

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off



Contact Us - Archive - Advertising - Cookie Policy - Privacy Statement - Terms of Service

Copyright © 2024 MH Sub I, LLC dba Internet Brands. All rights reserved. Use of this site indicates your consent to the Terms of Use.