Income from Overseas Employment
If you are working overseas and categorized as Australian resident for tax purpose, then you have the obligation to report all your employment income outside of Australia, both assessable and exempt income, each year on your tax return.
Exemption for foreign employment income
Australian Defence, Police Force or Overseas Aid Work’s members may be exempted from foreign employment income. However, you are still required to report your income with the ATO.
What amount you should report
You have to report your income before tax even if you have already paid tax in that foreign country.
For example: if your employment income from overseas is $15,000 and you have already paid $5,000 in the foreign country for tax purpose, you still must declare $15,000 as your overseas employment income.
Declaring the appropriate amount for your foreign employment income
Reporting accurate foreign employment income and income tax offset could be an arduous and complicated task, so if you are not sure, please feel free to contact us to find out more.
Fill in the form HERE to have an expert call you within 20 minutes and get your same-day refund, or if you have an questions relate to Etax 2017 , MyTax 2017 and Online tax return 2017, you can contact us by calling 1300 698 297 emailing firstname.lastname@example.org.