In 2026, the answer to “does the ATO know about my overseas bank account?” is, for most Australian expats, yes . . . and it has been for several years. Australia joined the OECD’s automatic financial data-sharing network, Automatic Exchange of Information (also commonly known …
Returning to Australia: Tax Residency Consequences of Coming Home
Moving back to Australia can restart your tax residency earlier than you think. Here is what changes for foreign income, investments, CGT, and private health cover, plus a simple first year checklist
Update: Thailand Clarifies Tax on Foreign Income
Background to Thailand’s Plan to Levy Tax on Foreign Income Recently we published “Tax Alert: Thailand to tax foreign income”, an article about significant new changes introduced by the Thai Revenue Department through Revenue Order 161/2023, that seek to tax Thai tax residents on any …
Tax Alert: Thailand to tax foreign income
25/11/2023 – Update: The Thai Revenue Department has recently issued a follow-up revenue order 162/2023 that clarifies the operation of these new rules. It’s recommended that you continue to read this article first, and after take a look at our latest article which details the …
HELP/HECS debt obligations for Australian expats
If you’re like many Australians who finish university then take off to another country for work there are many things you need to be aware of, including how to pay off your Higher Education Loan Program (HELP) debt (previously known as HECS) if you have …