living overseas employed australian company

 Author: Taxduck(Taxicorn)Taxicorn

15 Nov 2023

If you haven't done so already you need to determine your tax residency. (i.e are you still an Australian resident for tax purposes or a foreign resident). You can use this residency calculator to help determine that. https://www.ato.gov.au/Calculators-and-tools/Work-out-your-tax-residency/

If you determine you are still an Australian resident you would lodge your Australian Tax return as such and be entitled to all offsets and be taxed at normal marginal rates. (you can apply for medicare levy exemption if out of the country for more than 12 months. see link. https://www.servicesaustralia.gov.au/sites/default/files/2022-11/ms015-2211en-f.pdf

If you determine you are a foreign resident for tax purposes then you are taxed at 32.5% for each dollar up to $120,000. You would lodge your Australian sourced income as normal however there is a question on the tax return that asks whether you are a foreign resident or an Australian resident. Mark the foreign resident.

See this link. https://www.ato.gov.au/Individuals/Coming-to-Australia-or-going-overseas/Your-tax-residency/Foreign-and-temporary-residents/

Superannuation legally has to be paid to you regardless of residency status.

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