Business migration tax planning & reporting

Do I have to pay tax on my overseas income?

·    If you are a tax resident, then you will need to pay tax on your worldwide income.

·    If you are a non tax resident, then you only need to pay tax on your Australian source of income.

·    If you are a temporary resident, you will need to pay tax on your overseas employment income & personal service income

Who is a temporary resident?

You’re a temporary resident if you:

• hold a temporary visa granted under the Migration Act 1958
• are not an Australian resident within the meaning of the Social Security Act 1991
• do not have a spouse who is an Australian resident within the meaning of the Social Security Act 1991.

The Social Security Act 1991 defines an ‘Australian resident’ as a person who resides in Australia and is an Australian citizen, the holder of a permanent visa or a protected special category visa holder.