Hello,
So I have a tax question that is quite complex. If you are a sole one man person in your own Pty Ltd company and you receive income from USA, that is the company in the USA pays using a SWIFT international transaction into your company bank account which is a bank in Australia. No GST is charged as it's overseas transaction. And then you pay yourself a wage as an employee of your own company (With all tax withholding and super obligations meet) using that income and only that income. Is the income considered foreign sourced?
When we say foreign source, are we talking about the individual here and where his/her wages came from (If the person was paid by an Australian company or an overseas company) or is it connected to how the money was acquired for the company to be able to pay the employee?
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