Tax Benifit question-Overseas Investors

W

WebBoard

Guest
From: Pannisi Pietro


Can anyone help me in regards to overseas investors in Australia, what are tax implications or Benefits, i have visited the FIRB site and understand what needs to be done there, but would like more info on the real stuff
 
Last edited by a moderator:
Reply: 1
From: Dale Gatherum-Goss


Hi

Could you please provide a little more information. Your question is very broad and I would hate to provide you with useless information.

In a nutshell though, you would have to lodge an income tax return in Oz and pay Australian tax on any taxable income earned here in Australia. The rate is at a flat 29% of the income until your Oz income is greater than $20k. Rates increase then depending upon your income.

This is a start. If you can be more specific, I'll try to answer you in more detail.

Have fun

Dale
 
Last edited by a moderator:
Top