If you’re like most of us, you don’t have loads of time. Between work or school, friends and family, hobbies and sleep, we can’t spend a lot of time on most things. And we especially can’t spend a lot of time on our taxes. We want to be in and out as fast as possible. So when doing our ATO tax return, we have to wonder: just how long is it going to take?
Like with most things tax related, it varies.
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Australia is a hotbed of tourism and people all over the world come to enjoy the beaches, the outback, and the coral reefs that Australia has to offer. The other thing that Australia has to offer is taxes. Like many countries around the world, Australia has a Value Added Tax (VAT) and, like a lot of countries, this VAT can reach up to 17.5%! An awful lot to pay if you’re just visiting.
Fortunately, Australia has a Tourist Refund Scheme (TRS) which allows for visitors to its beautiful country to receive some of that VAT back…provided they follow the proper steps. Luckily, the steps are pretty easy:
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