Have you earned income overseas?

The ATO has tax treaties with 45 countries that allow them to exchange information about offshore income and transactions. Any data received is matched against Australian tax returns as residents need to declare worldwide income, not just Australian-sourced income.

You’ll need to declare any and all income to the ATO, regardless of whether or not you earnt it in Australia.

Tags:
No Comments

Post A Comment

New clients can receive a free 30 minute, no obligation session to see if we are the right fit for you and your business.