Bringing Money to Australia from United Arab Emirates

This thread is archived and the information may not be up-to-date. You can't reply to this thread.

(Newbie)Newbie

16 Mar 2024

I have recently moved to Australia for Employment and employment in Australia started from 1st March under a 482 Visa Category. My question is about bringing my savings earned over the past 23 years in United Arab Emirates.

All of the money was earned and retained as savings prior to moving to Australia and includes the final settlement from my Employer in United Arab Emirates. Sufficient evidence can be obtained to state the same. Since all of this income was earned prior to my move to Australia, will I be liable to pay tax in Australia if the amount was to be transferred to Australia via bank transfer?

Also, is there a time limit before which this amount needs to be transferred to Australia?

I request for advice from ATO in this matter.

0 likes

992 views