OFFICIAL Jarome Luai - #295

Mccarry said:
Putting this here because I heard an imbecile journalist describing there being a tax payment when a player returns to Australia. No true at all. Thats a UK things.

short version:

Luai sells his Aussie house, buys a house in PNG, moves wife and kids there, sets up local bank accounts, genuinely demonstrates he is living there permanently… he won’t pay income tax. If he then ‘changes his mind’ and decides to move back to Australia in 5 years, he still won’t pay income tax on money he brings back.

Long version:

If a player like Luai actually restructures his life around PNG (family relocates, no Australian home retained, under 183 days in Australia, genuine PNG abode), he could become a non-resident for Australian tax purposes. Then:

• Only Australian-sourced income remains taxable here (e.g., Australian investment income, rent).

• PNG-sourced salary and PNG-sourced image rights (third party deals) fall outside Australia’s tax net entirely.

• If dual-resident under domestic law of both countries, the DTA tie-breaker (permanent home, centre of vital interests, habitual abode, nationality, in that order) decides which country wins primary taxing rights.
Click to expand...


If Albo is good enough to not tax football players that play in PNG I am shaw there would be some other special agreement that would make the money that comes back to Australia tax free

Your an Australian resident who the leader of the country said that football players who play for PNG won't be taxed so I believe there won't be any tax on that money at all on your income
 
Odessa said:
If Albo is good enough to not tax football players that play in PNG I am shaw there would be some other special agreement that would make the money that comes back to Australia tax free

Your an Australian resident who the leader of the country said that football players who play for PNG won't be taxed so I believe there won't be any tax on that money at all on your income
Click to expand...
He says a lot of things
 
Interesting news just through that the PNG government is closing the Taiwanese Embassy in Port Moresby as a sign of recognition to Chinas one nation policy. Taiwan is à leading trade partner with PNG but that has been cast aside in favour of the Chinese Govt.edict.
We might have won the League war but there’s plenty more battles ahead. IMO à major battle over Taiwan seems inevitable down the line.
 
Odessa said:
If Albo is good enough to not tax football players that play in PNG I am shaw there would be some other special agreement that would make the money that comes back to Australia tax free

Your an Australian resident who the leader of the country said that football players who play for PNG won't be taxed so I believe there won't be any tax on that money at all on your income
Click to expand...
Yes, I believe that the Australian Federal govt has a bill at the moment that will help ensure the Australian chiefs players don’t get caught by the standard residency rules.

PNG has already passed legislation on their side.

It makes a lot of economic sense when you think it through. Australian govt fund the NRL chiefs. Chiefs pay Australian players, PNG agree not to tax those payments, players ultimately move home, Australian money ends up back in Australia.
 
Mccarry said:
Yes, I believe that the Australian Federal govt has a bill at the moment that will help ensure the Australian chiefs players don’t get caught by the standard residency rules.

PNG has already passed legislation on their side.

It makes a lot of economic sense when you think it through. Australian govt fund the NRL chiefs. Chiefs pay Australian players, PNG agree not to tax those payments, players ultimately move home, Australian money ends up back in Australia.
Click to expand...


If anyone knows about tax rates for the salary cap and could put a rough guss how much it could actually be

If the NRL has a 12 million cap at the moment what would that equal tax free cap for players earnings ? 18 million

Just trying to wrap my head around what would happen if a club cheated the cap after PNG comes in to retain a player
 
Halbrowne61 said:
Interesting news just through that the PNG government is closing the Taiwanese Embassy in Port Moresby as a sign of recognition to Chinas one nation policy. Taiwan is à leading trade partner with PNG but that has been cast aside in favour of the Chinese Govt.edict.
We might have won the League war but there’s plenty more battles ahead. IMO à major battle over Taiwan seems inevitable down the line.
Click to expand...
Beware of Chinese bearing grifts. 🍜
 
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