Do I need to pay tax for my overseas income if I am on 870 visa?

Question

 · Accepted Answer

RichATO · Answer

Even though you are here in Australia on the temporary visa 870 you may still meet the criteria to be a resident for tax purposes. As this includes your longer term intentions about living in Australia permanently. For example, if you are planning to apply for PR as you have family in Australia, then you will meet the residency test. In that case you have to declare your foreign income and pay tax on it. You can apply for the foreign tax offset if you are already being taxed on this income overseas. Here's a link to the residency test: https://www.ato.gov.au/Individuals/coming-to-australia-or-going-overseas/in-detail/residency/residency---the-resides-test/ (https://www.ato.gov.au/Individuals/Coming-to-Australia-or-going-overseas/Residency-tests/Residency---the-resides-test/)

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