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Kma(Initiate)Initiate
26 Sept 2023

I am a foreign resident living oversea for many years. Recently, in my home country, I have opened an off shore account in an Australia bank. The Australia bank has deducted 10% tax from my monthly interests, since I have provided the address of my home country. Do I still need to lodge tax return for these bank interests I received ? What if they do not exceed AUD 18,200 per financial year ?

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Bank interest taxable for foreign resident | ATO Community