What is Foreign Income?

You’re subject to tax on worldwide income when you’re an Australian resident.

Foreign income must be declared on your income tax return. To begin with, foreign income is income from foreign investments or activity.

 

Any foreign-derived income such as the following qualifies as foreign income:
  1. Pensions and annuities
  2. Employment income
  3. Investment income
  4. Business income
  5. Capital gains on overseas assets

Click here for more information from the ATO.

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