I am PR residing oversea and am classified as a foreign resident for tax purposes.I hold a bank account with an overseas residential address on record and have not provided a TFN.
For the financial year 2024–2025, the bank has deducted 10% non-resident withholding tax on my interest income, as legally required. However, I have received a letter from the ATO stating that no tax payment has been identified for this income.
Why it happened and what I should do next?