Doing business overseas - an overview

As Australian residents are taxed on their worldwide income, they must report all foreign income in their Australian income tax return.

This overview explains how income from foreign business activities is treated. If you are also earning foreign income from passive investments (such as securities and rental properties), interest or royalties, refer to Investing overseas - overview.

Below is a link to the Australian Taxation Office's ''Doing business overseas - overview'' page.

http://www.ato.gov.au/businesses/content.asp?doc=/content/65957.htm