How to Immigrate to Australia as a Taxation Accountant

Ever wondered how businesses and individuals stay updated with tax filing and abiding by the financial rules of the country while saving money legally? That’s where Taxation Accountants come in. With skills in financial reporting, tax planning, compliance, and risk management, they play a vital role in guiding smart financial decisions. 

Australia with open arms has always welcomed skilled professionals to be a part of their economy. So, if you have strong analytical abilities, attentive to details, and knowledge of taxation laws, then explore how you immigrate to Australia as a Taxation Accountant and build a rewarding career with the benefit of residing as Australian permanent residents. 

Who is a Taxation Accountant ?

Taxation Accountant (ANZSCO Code- 221113) is a qualified professional who analyses, reports and provides advice on taxation issues to organisations or individuals. They are also responsible for preparing taxation returns and reports, and handling disputes with taxation authorities. 

Over the years, Australia has faced immense demand for taxation accountants, highlighting the need for accuracy and strategic planning to support smooth financial operations. However, Australia still faces a shortage of taxation accountants in these listed states.

Shortage Occupation List For Australian States and Territories- 221113 Taxation Accountant 

Roles and Responsibilities of a Taxation Accountant

A Taxation Account is not only responsible for managing an organisation’s financial situation but also handles a lot of duties which can be discussed below:

❖  Helping create rules and plans for managing money and budgets.

❖  Making financial reports to share with company leaders, shareholders, and government authorities.

❖  Checking company finances, writing reports, doing audits, and giving advice on buying or selling businesses, loans, fraud issues, bankruptcy, or taxes.

❖  Reviewing how much a company earns and spends to control costs.

❖  Making sure financial reports are correct and follow legal rules.

❖  Giving advice on taxes, business plans, and the best ways to set up or run a company.

❖  Filing tax returns for people and businesses.

❖  Working with banks and brokers to manage funds and investments.

❖  Setting up and maintaining accounting systems, including software.

❖  Keeping internal money-control systems strong and effective.

❖  Checking if investment projects are financially safe and if they have enough cash flow. 

Visa Pathways to Immigrate to Australia as a Taxation Accountant 

In order to immigrate to Australia, applicants are required to choose the correct pathway. A taxation account is required to choose any one of the below mentioned pathways: 

1.  Skilled Independent Visa (Subclass 189)

Subclass 189, allows skilled professionals to immigrate to Australia on the basis of their skills gained during their education and professional career. 

2.  Skilled Nominated Visa (Subclass 190)

Subclass 190, allows skilled professionals to immigrate to Australia when applicants receive a nomination from the Australian states or territories. Without prior nomination, applicants cannot succeed further.  

3.  Skilled Work Regional (Provisional) Visa (Subclass 491)

Subclass 491, allows skilled professionals to immigrate to the regional areas of Australia, such as Perth, New Castle, and Hobart. 

4.  Graduate post-Vocational Visa (Subclass 485)

Subclass 485, especially designed for International students who want to immigrate to Australia in search of better education or employment opportunities. 

Average Salaries Drawn by a Taxation Accountant in Australia

Taxation accountants are considered a rare professional in the finance industry but are in huge demand across the globe and in Australia. A taxation accountant earns a significant amount during their career with an average salary from $ 80,000 to $ 90,000. 

 How to Immigrate to Australia as a Taxation Accountant

If a Taxation Accountant wants to immigrate to Australia and desire to settle as Australian permanent residents then he just need to follow these simple steps: 

1.  Check Eligibility

The foremost step in the immigration process is to check eligibility factors such as 65 points and selected occupation on the Australian occupation list. So, if you are a taxation accountant and desires to immigrate to Australia, you must look for these eligibility factors:

❖  65 points:

●    Age

●    Work experience

●    Educational qualifications

●    English language proficiency test score (IELTS, PTE, TOEFL)

❖   Selected occupation to be listed on the Australia Skilled Occupation List with a valid ANZSCO Code

2.  Skill Assessment

The next step in the process of application is obtaining a positive skill assessment report. A taxation accountant must submit all the educational credentials to CPA ( Certified Practising Accountants) Skill Assessment Authority. The skill assessment authority assures, the applicant’s education is equivalent to Australian standards. Along with educational credentials, applicants need to submit some of the essential documents such as:

●    Valid passport

●    Employer reference letter

●    Work experience letter

●    Bank statement (3-6 months)

●    English proficiency test score report

 3.  Apply ROI

After receiving a positive skill assessment report, applicants are required to submit ROIs (Registration of Interest). Subclass 190 and 491 are two visas which mandates the submission of ROIs. Without submission of ROIs applicants cannot proceed with the procedure of immigration as they are official declarations, stating candidates' interest in Australian states or territories for immigration.

 4.  Register EOI

After successful submission of ROIs, the next step would be to lodge an EOI (Expression of interest). EOIs are official statements required by the authorities in order to know the purpose behind immigration and the duration of stay in Australia. 

 5.  Receive ITA

The last step in this journey is receiving an ITA (Invitation to Apply) from the Department of Home Affairs. Receiving an ITA ensures completion of procedure and allows the submission of official documents of the applicant.

Immigrating to Australia as a Taxation Accountant opens doors to stable career growth, global exposure, and a high standard of living. With expert knowledge in tax regulations, financial planning, and advisory services, applicants can meet Australia’s demand for skilled professionals