The reduction in marginal tax rates and the increase in the threshold for the top marginal tax rate in recent years have impacted on the benefits of salary sacrificing certain items. However, salary packaging can still be tax effective for employees and can be a relatively simple way for employers to help attract and retain [...]
Article topic archives: expat tax australia
SMSF and Outgoing Expat
You are excited. You have just been offered a position working offshore and are looking forward to new opportunities, learning a new culture and living in a new location. You are at a barbeque with friends one weekend and someone mentions that you have might have problems with moving offshore if you have a Self [...]
Expat Tax Australia – Working Outside Australia
Changes to Section 23AG have had a significant impact for expats in Australia and expats who are residents of Australia for tax purposes but working overseas. Implications (assuming Australian tax residency maintained): Foreign earnings will generally become/remain taxable in Australia PAYG obligation may apply for payer FBT will generally apply on assignment benefits Where foreign employment [...]
SMSF and Outgoing Expats
Australian’s working offshore has presented some challenges since the last budget. In the last Federal Budget, the government made changes to s. 23AG which used to exempt the employment income of Australian tax residents working offshore for more than 90 days from Australian income tax. That income is now taxable – albeit with a foreign [...]
Expat Taxation – Australia
Taxation for expats having moved from overseas to Australia is a complex area but also provides some fantastic tax planning opportunties. Omega Partners Accountants in Sydney have dealt with a number of expat issues and can help with yours and for your organisation in ensuring that your expats taxation affairs are managed as effectively as [...]