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Australian tax
Posted: Sat Jul 18, 2009 5:48 am
by educator
Any readers have advice about Australian taxation arrangements? Is it better to declare as "Non resident for tax purposes" or remain resident? I'm at an international school in Thailand - three years so far and intend to stay for at least another year. Income from Australian sources approx AUD5,000 per year. No dependants.
Posted: Sat Jul 18, 2009 5:06 pm
by aussieteacher
Since the latest budget applied changes to the taxation arrangements for ex-pats, it is definitely better to declare as 'non-resident for tax purposes' although it depends on your individual circumstances as to whether or not you qualify as non-resident. Otherwise, under the new rules, you will need to pay tax on your overseas eraned income at Australian tax rates.