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Individuals with target foreign income
There are many situations where individuals may have target foreign income.
Examples: Individuals who have target foreign income may include:
residents employed outside Australia (1.1.A.120) whose foreign employment income is not taxable in Australia, including those employees of international organisations such as the United Nations, and employees of approved overseas projects,
residents who receive gifts or allowances of money from any foreign source on a regular basis, including those receiving regular money or gifts from relatives living overseas, which are exempt from Australian tax,
residents who receive income from foreign business interests or investments which are exempt from Australian tax, including migrants with business interests in their country of origin,
newly arrived migrants who expect to receive foreign income in the current year that is not subject to tax in Australia,
non-residents, partnered to Australian residents (1.1.A.130), working in Australia for overseas companies, organisations or governments, including civil servants and defence personnel posted to Australia, non-residents working temporarily at Australian education institutions or visiting students, and
residents who receive an overseas pension or benefit that is not taxable income under the Income Tax Assessment Act. |
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