After the past couple of tumultuous years, it’s hard to believe that this last tax year (2021/2022) has passed so quickly! Given how quickly time seems to pass nowadays, it’s probably no surprise, that you’ll need to begin thinking about your 2022 Australian tax returns …
The falling Australian dollar – tax issues to consider
The Australian dollar is falling! Thanks to the Coronavirus pandemic and increasing fears about inflation, the value of the Australian dollar is falling. As a consequence, many expats are transferring money back to Australia because of the good exchange rate. This might seem like a …
The ATO knows about your overseas bank accounts!
Many Australians end up living or working overseas as an expat for some or all of the year, at the same time as maintaining their Australian residency for tax purposes. For many, part of living or working abroad means that they have a bank account …
Determining Your Australian Tax Residency Status
As an Australian expat, filling out your tax return can be complex – especially if you’re unclear of your tax obligations. So, before moving abroad, it’s vital to know your Australian tax residency status. Generally, expats fall under one of these categories: an Australian resident …