As the world becomes a smaller place and travel and work opportunities increase number of Australians are travelling and working overseas – be it for short or long periods of time.
Your taxation obligations will vary depending upon the time away from home and the type of income earned.
A full review of your financial affairs before departure is imperative to ensure you are not paying excessive tax.
Similarly, there are a number of foreign nationals working in Australia. Ensuring you comply with the local taxation requirements as well as the laws relating to your home country is essential.
At SPM Business Consultants we are able to assess your situation and provide you with alternatives which will ensure you do not become caught up in paying more tax than necessary.