At the end of March, I am going to be working in Kuala Lumpur for six months. After reading the ATO’s site about foreign service, it is my understanding that becuase I will be working for more than 91 continuous days in country, that I will be exempt from paying tax ( ie get it back at tax time )[
]It is a government job. Can someone please give me some general advice? I have as yet NOT gone to an accountant, but will be next week ( when I’m not working [:p] )
Thanx
“Looking forward to the day when I can tell the boss where to go”
As long as you are being paid out of Malaysia, then the income should not be taxable.
You only pay tax on income earned in Australia.
Cheers
Scott
Pelican Investments
http://www.pelican-invest.comScott, i don’t think it is this simple. The ATO wants to tax you on your worldwide income. Some countries have taxation agreements with Australia so that working in those countries won’t result in double taxation.
If Myydral is not required to pay tax in Malaysia, then he or she may have to pay it here.
Terryw
Discover Home Loans
North Sydney
[email protected]Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
http://www.Structuring.com.au
Email MeLawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au
The income is not taxable in Australia because you are OS for more than 90 days but it must be included in your Australian tax return as exempt foriegn income as it will detirmine the tax threshold your Australian income will be pushed into.
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