Are you planning to enrol or have already enrolled in a course in Australia that lasts for six months or more? If so, you'll be considered an Australian resident for tax purposes.
What this means for you:
For tax return purposes, Australian students must declare their income earned both domestically and internationally. Several rules apply to international students living in Australia on temporary visas.
As a temporary resident, most of your foreign income is not taxed in Australia, and you don't declare it on your Australian tax return. You only declare income earned in Australia, as well as any income earned from employment or services performed overseas while you're a temporary resident of Australia.
When lodging your tax returns in Australia, you'll need to consider your income from all sources and any expenses you may claim as deductions. The current COVID-19 pandemic may have impacted your income or entitled you to other deductions. Based on this information, the Australian Taxation Office (ATO) will determine whether you're eligible for a tax refund or need to pay additional taxes.
An experienced Registered Tax Agent leads our tax team, and we offer a 'Same Day Lodgement' promise and excellent service, as rated by our previous clients. Our agent will carefully assess all your income and expense documents before lodging your application with the ATO, so you can rest assured that our team is managing this process on your behalf.
OSHC stands for Overseas Student Health Cover, and it is a health insurance policy designed for international students studying in Australia. All international students are required to have OSHC for the entire duration of their academic course in Australia.
You can choose your OSHC provider from a list of approved health insurance providers. At Guide2Success Education & Migration Services, we partner with some of the most popular OSHC providers in Australia, giving you the flexibility to choose the coverage that meets your needs.
OSHC covers most medical and hospital expenses, including doctor consultations, ambulance services, hospital treatment, and prescription medicines. However, it does not cover general treatments such as optical, dental, or physiotherapy. You can purchase OSHC Extras to cover these treatments.
OVHC stands for Overseas Visitor Health Cover, and it is a health insurance policy designed for international visitors and workers in Australia. If you are applying for a visitor visa or a work visa in Australia, you are required to have OVHC for the duration of your stay.
Yes, you can switch from OSHC to OVHC or vice versa. If you are an international student and are applying for a Temporary Graduate visa (subclass 485), you will need to switch from OSHC to OVHC to meet the health requirements. Our team can assist you in choosing the right health insurance policy based on your requirements and visa application.