When it comes to financially making the most of your time overseas, learning about Australian expat tax and financial advice topics is important
This is why we have setup the Australian Expat Frequently Asked Question section.
Here we outline some of the most commonly asked questions about obtaining Australian expat tax and financial advice.
If the answers below doesn’t cover your question then please head over to the contact us page to submit your question.
This is a common question and it will depend on two topics –
- your residency tax status; and
- the source of the income.
If you are classified as a resident for tax purposes then even if you live and earn an income overseas you may need to pay tax on this income, even if you have already paid tax on it overseas. Learn more about Double Taxation Agreements.
If you are classified as a non-resident for tax purposes then generally speaking you are not required to pay income tax on any income whilst working overseas.
If the source of your income is in Australia then the type of income you have earned (e.g. from employment, investment etc) will dictate whether or not you are required to pay tax to the ATO.
As everyone’s circumstances are different we recommend you obtain professional advice to determine what is applicable to you.