Published on 04 May 07
by SOUTH AUSTRALIAN DIVISION, THE TAX INSTITUTE
The world is getting smaller and more people are seeking international work experience. As a result many of us have clients who are looking to work overseas, or have been referred an overseas visitor working in Australia. This paper considers some practical situations for individuals working overseas and in Australia, in particular:
- are you an Australian resident?
- what are the changes from 1 July 2006 that significantly lessen the tax bill for foreigners working in Australia?
- what happens to the tax paid on income earned overseas?
- how do you tax employee stock options?
- overseas bank accounts.
Janet is a Partner with Ernst & Young specialising in Corporate Tax. She has over 18 years experience specialising in corporate income tax and employment tax issues for clients, providing advice on capital gains tax, tax planning, business restructuring, inbound and outbound investment, due diligence, acquisitions and financing, employment and expatriate taxes. Janet provides various seminars to clients and professional bodies on taxation developments including corporate income tax, fringe benefits tax and expatriate taxes.
- Current at
19 March 2015