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I live in Australia, and I am currently looking at some of the remote job offerings in countries like US/UK. However I have very little understanding of what needs to be done to report that kind of income - i.e. do I need to get an ABN, pay payroll tax myself etc. If you had any experience in this area I would like you to share that. |
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Tax law varies from country to country and depends on (sometimes changing) treaties between countries. Generally, where you file your tax return depends on your (primary) country of residency. For income earned in the other countries, you may need simply declare it as foreign income, or file a tax return in that country and claim the taxes paid as a deduction on your return for your primary country. IIRC, when I did it, I filed a return in both countries, but in the US only I declared the AU income also and claimed the AU taxes as a deduction, however for the AU I simply didn't declare my US income in AU. That may have been because I was moving permanently from AU to the US. (Caveat: My experience is from 1994 when I moved from Sydney to the US) Note: It is quite likely that rules between AU and the UK (and other British territories) are much more lenient than between AU and US, and certainly than between AU and, say, Saudi Arabia. |
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I live is Australia but contract for a company in America. I have my own company (with an ABN) through which I charge my services. Event month, I send them an invoice and they pay it - it is as simple as that. If you run through a company, you are essentially just exporting services so income tax should not come into it (you just need to pay yourself income from your Australian company, so no international issues there). Since you are an exporter, you do not charge GST on top of your invoice. |
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