i spoke to ato before coming here and they told me that as aus has no info sharing agreement with qatar they wouldnt know if i was earning or not so not to worry. sounds too good to be true though. AND recently the tax office tracked me down through dfat and sent me a letter re the federal govt bonus for last year so no hiding from big brother!
My sister just forwarded me this email which sounds positive and hopeful for all of us. also there is a free seminar on the 31st which may be helpful. i'll certainly go.
From: SMATS
Subject: Special Australian Expatriate Budget Update on Foreign Income Taxation
To: "MARTIN JACKSON"
Date: Thursday, May 14, 2009, 8:09 PM
It seems that there is one thing scarier than a A$57 billion Australian Federal Government Deficit.
In the Budget released this week was an announcement that Australians working abroad will now be subject to tax on their foreign income in Australia as a result of changes in Government policy in the Budget.
We have received numerous calls and emails on this so we thought it appropriate to send this special Expat Update to you to clarify the position and keep you informed.
The changes announced in the Budget only affect RESIDENT Taxpayers, that is people living in Australia and commuting for short term employment stints overseas.
For anyone that is genuinely LIVING ABROAD there is no change as you are a NON RESIDENT for Tax Purposes and the old Exempt Income Rules did not apply to you in any case.
If you are unsure if your are living in or out of Australia, it is a simple as where is your “HOME”. If your current “LIFE” (for the next few years roughly) is based out of Australia, then it is highly likely you are Non Resident. If you have doubt please do not hesitate to contact us for clarification.
What the change does mean is that anyone currently living in Australia and enjoying the Tax Exempt status on 90 plus day overseas assignments or on flexible short term overseas assignment, should seriously consider moving abroad after 1st July to become tax Non Resident rather than continuing to commute and be exposed to Australian tax. For those that traveled less than the 90 days there is no change to the previous treatment as they have been taxable in Australia throughout.
I have put a little article up on our website and you are welcome to pass this email around to your friends as well. Click here to view the article.
It shows the importance of coming along to our free Budget Review Seminar to find out more about this and the other changes announced. We are holding these in Asia, Middle East, UK & USA over May & June so check our schedule and reserve your seat by visiting our Events Section.
Fortunately the Budget did not make any changes to the current Tax benefits of Australian Expatriate life, so all the items covered in my planning book "The Aussie Expat - The Luckiest Person on Earth" remain including the claims on Australian property and the ability to accumulate Tax Credits whilst living abroad.
We are offering a Special Budget Promotional Price on my book at A$20 pph until the 30th June (One third off the usual price of A$30) so you may want to get a copy for yourself or a friend that could need the help.
Click here for more information or to order your copy from our SMATS Online Store.
i spoke to ato before coming here and they told me that as aus has no info sharing agreement with qatar they wouldnt know if i was earning or not so not to worry. sounds too good to be true though. AND recently the tax office tracked me down through dfat and sent me a letter re the federal govt bonus for last year so no hiding from big brother!
My sister just forwarded me this email which sounds positive and hopeful for all of us. also there is a free seminar on the 31st which may be helpful. i'll certainly go.
register at:
http://aussieproperty.com/Events/Default.aspx
From: SMATS
Subject: Special Australian Expatriate Budget Update on Foreign Income Taxation
To: "MARTIN JACKSON"
Date: Thursday, May 14, 2009, 8:09 PM
It seems that there is one thing scarier than a A$57 billion Australian Federal Government Deficit.
In the Budget released this week was an announcement that Australians working abroad will now be subject to tax on their foreign income in Australia as a result of changes in Government policy in the Budget.
We have received numerous calls and emails on this so we thought it appropriate to send this special Expat Update to you to clarify the position and keep you informed.
The changes announced in the Budget only affect RESIDENT Taxpayers, that is people living in Australia and commuting for short term employment stints overseas.
For anyone that is genuinely LIVING ABROAD there is no change as you are a NON RESIDENT for Tax Purposes and the old Exempt Income Rules did not apply to you in any case.
If you are unsure if your are living in or out of Australia, it is a simple as where is your “HOME”. If your current “LIFE” (for the next few years roughly) is based out of Australia, then it is highly likely you are Non Resident. If you have doubt please do not hesitate to contact us for clarification.
What the change does mean is that anyone currently living in Australia and enjoying the Tax Exempt status on 90 plus day overseas assignments or on flexible short term overseas assignment, should seriously consider moving abroad after 1st July to become tax Non Resident rather than continuing to commute and be exposed to Australian tax. For those that traveled less than the 90 days there is no change to the previous treatment as they have been taxable in Australia throughout.
I have put a little article up on our website and you are welcome to pass this email around to your friends as well. Click here to view the article.
It shows the importance of coming along to our free Budget Review Seminar to find out more about this and the other changes announced. We are holding these in Asia, Middle East, UK & USA over May & June so check our schedule and reserve your seat by visiting our Events Section.
Fortunately the Budget did not make any changes to the current Tax benefits of Australian Expatriate life, so all the items covered in my planning book "The Aussie Expat - The Luckiest Person on Earth" remain including the claims on Australian property and the ability to accumulate Tax Credits whilst living abroad.
We are offering a Special Budget Promotional Price on my book at A$20 pph until the 30th June (One third off the usual price of A$30) so you may want to get a copy for yourself or a friend that could need the help.
Click here for more information or to order your copy from our SMATS Online Store.