Hey guys,
Not sure if this is relevant for this forum, MOD please delete if not.
I've recently decided to head back to China for work, however, the only thing that's holding me back is my PR status.
I'm pretty useless when it comes to visa/tax issues, so I'm wondering if anyone could help with answering the following questions?
I've recently (May) renewed my 5 yr PR. I know I have to spend at least 2 out of 5 years in Australia to maintain my PR. If I don't will I lose my PR or I can keep applying for the 12 months Resident Return Visa (RRV) as long as I can proof I have bulk of assets here (I have purchased a property last year).
If I keep renewing 12 months RRV, will this affect my chances of getting 5 year PR when I finally return to Aus permanently?
Will I be taxed double if I earn income in China?
Not being lazy, just hoping someone who had similar experience would be able to help :)!
Thanks in advance.
You need to talk to a migration agent for something as important as retaining your PR status, given you have significant assets here. Also talk to a tax accountant. Off the top of my head:
You can apply, but each approval is discretionary. There is no guarantee your RRV application will be approved each time.
If your RRV is renewed and approved each time, it should have minimal effect (because the factors towards being approved for the RRV are (iirc) generally similar to the factors for being approved for a 5yr PR).
Generally no, so long as you follow the proper process set out (generally) here: https://www.ato.gov.au/individuals/international-tax-for-ind…