If you've decided that you want to work abroad, it is vital that you carefully consider how this could impact your tax status. This article explores the benefits of establishing non-residency in Australia for tax purposes. 1. How residency impacts tax liability If you are resident in Australia for tax purposes and you work in another country, you could find yourself paying tax twice on the foreign income. Firstly, you will be taxed in the country you are working in.
17 February 2021