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I'm an IT contractor in the UK. Currently, the company I work for pays my limited company and I then extract a salary from that limited company.
I've heard that IT developers are in short supply in Oz, and I'd like to spend some time there so I'm going to apply for a WHV and move there for 12 months.
Would the company in Oz continue to simply send the funds to my limited company? I would basically invoice them for services provided, just the same as if I'd visited Oz and sold a company one of my products.
Is this easy to do? I want to continue using my company for profits gained, and then use my company to pay myself a salary. I'm hoping this would mean that I wouldn't need to open an Oz bank account whilst I'm there.
It's not at all the same as visiting Oz and selling a product. You're going to be taxed in two places. UK company tax and then Australian income tax. The ATO may also be of the opinion that all the money flowing into the UK company should be treated as your personal income, not just what you pay yourself as a salary.
Australia doesn't have the same limited company structure as the UK for contractors, and to be honest what you are proposing makes little financial sense.
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