Hi guys,
I have a question regarding the foreign source income.
Example:
I, an Australian resident, derived the following items in the current income year:
-a salary $185,000 from my employer;
- dividend $1,800 from a foreign company (net of withholding tax of $200)
- interest income $2,000 from a bank account in Brazil ( no tax treaty partner, no foreign tax paid).
No other income or deduction.
What is my tax liability?
So I have the assessable income of $185,000 + $1,800 + $2,000 = $188,500
income tax = $54,547 + $1,575=$56,122
less deduction: $200
= $55,922 ?
Cheers.
I have a question regarding the foreign source income.
Example:
I, an Australian resident, derived the following items in the current income year:
-a salary $185,000 from my employer;
- dividend $1,800 from a foreign company (net of withholding tax of $200)
- interest income $2,000 from a bank account in Brazil ( no tax treaty partner, no foreign tax paid).
No other income or deduction.
What is my tax liability?
So I have the assessable income of $185,000 + $1,800 + $2,000 = $188,500
income tax = $54,547 + $1,575=$56,122
less deduction: $200
= $55,922 ?
Cheers.
