Higher backpacker and DASP tax “poorly handled”: Chartered Accountants

The introduction of the ‘backpacker tax’, and the substantial increase in the tax rate on Departing Australia Superannuation Payments (DASPs) was “poorly handled” and needs review, says the Chartered Accountants of Australia and New Zealand.

A deal between the Government

Higher DASP tax “inequitable”, could discourage backpackers

The increased tax on superannuation for backpackers has not been welcomed by the superannuation or agriculture industries, though there are differing views on the preferred measures.

The Australian Institute of Superannuation Trustees (AIST) is “concerned” the proposal to tax the

Departing Australia Superannuation Payment: What is it?

The Departing Australia Superannuation Payment, or DASP, allows temporary Australian residents to be paid any superannuation that has accumulated from their employment while in Australia when they leave.

Update: the Government intends to increase the tax on DASPs for backpackers

Temporary Budget Repair Levy & Superannuation rates

Announced in the 2014 federal budget, the Temporary Budget Repair Levy is an additional 2% tax on individual incomes over $180,000, however it also increases a number of other tax rates. The levy, as legislated, applies for the following financial