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Migration, Staying in Australia
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| By Paul | 05/01/2010 02:28:22 PM |
freespirit hold a free monthly Migration Seminar at our Sydney office each month to help oversea’s travelers stay longer in Australia. We can help foreign nationals with all types of options so you can stay longer in Australia. We can even help you find a job.
To find out more about your visa options pop along if you want to find out how to stay longer in Australia. You must register to attend so to contact us to find out more. www.freespirit.com.au and register to attend our next free seminar. |
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Temporary Contracting in Australia
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| By Paul | 30/12/2009 03:19:16 PM |
Employment trends in Australia over the past few months show a upward swing in all types of employment even if the past few weeks have been slower than usual which of course is seasonally expected during the holiday season. The first quarter of 2010 is tipped to see even more improvement in employment figures by economist nationally but organisations are aware recruiting permanent employee’s is a risk should the economic improvement swing back on itself and we see another downturn in the economy.
Temporary contractors are in high demand as managers commence recruiting but are unsure of securing someone permanently until the economic situation becomes a little more stable and clearer for 2010. This is tipped to be in the 3rd quarter of 2010.
freespirit, Australia's leading contract management organisation is very well placed and seeing a upswing in temporary Contractors being placed especially in Sydney, we are also seeing a surge of very talented candidates arriving from overseas and looking for roles in Australia. The main theme seems that Candidates from overseas see more opportunity in Australia as the economy has been more stable than the country of origin over the past year.
More and more oversea’s Contractor are seeking to take advantage of freespirits salary packaging and Australian migration services including sponsorship and payroll services. There has also been a substantial rise in Business owners asking how to become a Business Sponsor themselves and sponsor a foreign national directly or have freespirit manage them for you. |
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What does the UK Budget mean for Aussie expatriates & contractors working there.
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| By Paul | 13/08/2009 08:01:55 PM |
| The Budget contained numerous key measures that will affect expatriates and their employers, and are listed below: A new top income tax rate of 50 per cent will apply from 6 April 2010 to income above £150,000 per year. This will have a significant impact on tax equalisation arrangements for expatriates. From April 2010, where an individual’s income is above £100,000, the amount of the personal allowance (nil tax rate band) will be reduced by £1 for every £2 above this threshold. Accommodation provided to assignees by means of lease premiums taken out from 22 April 2009 will be taxed as if the premium was rent paid, in effect negating any benefits of a lease premium arrangement. Effective 6 April 2011, UK tax relief on pension contributions for individuals with taxable income of £150,000 or more, will be restricted, to the basic rate of income tax, and you will be restricted from increasing your pension savings in excess of the normal regular pension savings. From 6 April 2008, non-UK domiciled or not ordinarily resident taxpayers will be allowed to avoid tax on overseas employment and investment income and gains, unless they remit the proceeds to the UK. |
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Allez French Expatriates & Contractors, there’s a new Australia-France Tax Treaty
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| By Paul | 13/08/2009 07:57:28 PM |
| On 1 June 2009 a new Double Tax Agreement came into effect. Some key features are as follows: It will have effect for withholding taxes from 1 January 2010 and for all other taxes from 1 January 2010 in France and 1 July 2010 in Australia. Source country taxation on interest will be limited to 10 per cent. No tax will be payable on dividends in the source country, where the dividend is paid out of profits that have borne the normal rate of company tax. In Australia for example, where the dividend is franked. A 5 per cent rate will apply to other dividends where, in the case of Australia, the dividend recipient is a company that holds directly at least 10 per cent of the voting power of the company paying the dividend, or with France, 10 per cent of the capital of the dividend paying company. A 15 per cent limitation will apply in other cases. Royalty withholding tax will be reduced from a maximum of 10 per cent to 5 per cent of the gross royalty payment. Australian expatriates who are temporarily resident in France will be protected from paying French capital tax on non-French property. |
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