Residents and non-residents have different tax rates.
- A taxpayer who is a resident of Australia for income tax purposes is liable to tax on a worldwide income.
- Non-residents are liable to tax only on income derived from Australian sources.
Whether you are a resident or non-resident of Australia for income tax purposes depends on your business entity.
What to do...
- See the Tax Office’s International Tax about tax issues for resident and non-residents.
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