Before you head off overseas to work or start a business, you should consider the Australian residency tests. Leaving Australia for a period of time doesn’t mean that your Australian tax obligations are no longer relevant. Australian tax is based on the concept of “residency”. If you’re considered to be a resident of Australia then you will be taxed on your worldwide income, with a tax offset available for any foreign tax paid. The main test for working out whether you’re a tax resident of Australia is the “resides” test under common law. This test is generally applied by … Continue reading Are you an Australian resident?