What Foreign Income Do You Need To Declare?

Foreign income must be declared

Generally you must declare all income you have received from foreign sources during the financial year in your tax return.

Foreign income includes:

• business income
• foreign employment income
• most pensions and annuities
• bank interest
• dividends
• royalties
• rent
• capital gains
• personal services income.

W Wen & Co. provides tax advice regarding foreign source income and helps you to liaise with the Tax Office.