Hi all,
As a foreign resident, would I have to declare all interest earned from my savings accounts?
I have a bank account here (which they have my TFN number), as well as overseas.
Thank you in advance!
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Hey @cherryblossom,
If you've given the Australian bank your TFN & overseas address, they should automatically withhold 10% tax. Doing this means you don't need to declare the interest to us.
And foreign residents only need to tell us about their Australian sourced income. Any interest you earn from overseas banks isn't reportable here 🙂
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Hey @cherryblossom,
If you've given the Australian bank your TFN & overseas address, they should automatically withhold 10% tax. Doing this means you don't need to declare the interest to us.
And foreign residents only need to tell us about their Australian sourced income. Any interest you earn from overseas banks isn't reportable here 🙂
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