Tip # 5 : Medicare Levy Exemption: Student’s, non-PR’s, 457 Visa holders would need to provide a Medicare Levy exemption certificate to claim an exemption from Medicare levy on their tax return. You may be eligible to claim an exemption from Medicare levy if you were not eligible to receive any Medicare benefits. Students, 457 Visa holders, non-PRs may qualify as a category 3 exemption provided you are eligible to receive an exemption certificate from Medicare Australia. Kindly contact us if you may have any questions regarding any of the aforementioned and like our page on Facebook to stay updated with the changes and news The source below from the ATO website explains this in more detail: You may qualify for an exemption from paying the Medicare levy if you were in any of the following three exemption categories at any time in the year. These categories are: Category 1 – medical, which applies to people such as blind pensioners and so on. Category 2 – foreign residents and residents of Norfolk Island. Category 3 – people not entitled to Medicare benefits and who have obtained a Medicare levy exemption certificate from Medicare Australia. If you have any dependents, your qualification for an exemption depends on their circumstances as well as your own. More complex rules in relation to the applicability of the thresholds given various circumstances apply and are explained more clearly in the following ATO link. https://ato.gov.au/Individuals/Tax-return/2013/Tax-return/Medicare-levy-questions-M1-M2/M1---Medicare-levy-reduction-or-exemption/
Posted on: Mon, 23 Jun 2014 09:21:02 +0000
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