Changes to foreign income exemption for Australians 2010
Does anybody have any comments on the new taxation laws governing the foreign income tax exemption for Australians working overseas that came into effect this year?
It is my understanding that, except for a select few occupations (Aviation not being one of them), all Australian expats will now be liable for income tax to be paid to the Australian government on income earned overseas, at the equivelant Australian rates for each level income.
GB