Tax Residency: Are you a Tax Resident of Australia?
Whether you are a tax resident of Australia is a tricky question to navigate come tax time. Tricky in the sense that if the Australian Taxation Office (ATO) asks whether you are a tax resident of Australia, what do you say?
For many it may come as a shock to know that this question is not a straightforward question, particularly if you are an Australian expatriate.
Expats do not pay tax on their foreign income. But they must still pay tax on any income derived in Australia such as bank interest, dividends, […][…]
Aussies crewing overseas on a superyacht may be faced with a big tax bill if they are audited if they cannot show that they are a non-resident of Australia.[…]
A question that frequently arises is whether an Australian who is living and working on a yacht based in overseas waters is a non-resident and thus […][…]
Are you an Australian working overseas? Your residency status will affect your liability to tax on foreign earned income
A recent case in the AAT concerned an individual working in Oman, who successfully claimed to be a non-resident of Australia, despite being domiciled in Australia […][…]