Do I still need to apply for a Foreign Income Tax Offset (FITO) if I already have a Double Taxation Agreement (DTA) certificate for income in which taxes have already been paid in another country? Or should I simply include the DTA certificate when I file my income tax return?
If you are an Australian tax resident then you must declare your worldwide income. See below
Australian resident for tax purposes | Australian Taxation Office
So foreign income is declared. If you don't apply FITO you will be taxed overseas and here on that income.
If you don't calculate and apply a FITO then you will be double taxed on this income. Link explains claiming the offset.
Claiming a foreign income tax offset | Australian Taxation Office
Please read the question again, I am told that if I have Double Taxation Agreement (DTA) certificate then I dont require to apply for FITO, is it true?
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