The ammended ruling will impact, it is estimated, about 25,000 Australian taxpayers who are RESIDENT in Australia.
Currently there are a number of high income earners who use the reasoning that whenever they are travelling on business they aren't in Australia, so the income isn't earned in Australia, and therefore it isn't assessable under current ATO legislation. A tax loophole exempts income earned if you are out of the country for over 90 days per year. I guess they must have very good lawyers and accountants to make that sort of stuff stand up to the AAT when their returns are disputed.
Anyway... it does not apply to people who have satisfied the ATO that they are NON-RESIDENT for taxation purposes, which would be the bulk of residents in Qatar.
The important thing to note in this thread is:
The changes will probably make you NO MORE LIKLEY to pay any additional tax. Which is another way of saying that if you are worried that your income earned in Qatar may be taxable under Australian law, then you should have been worried about that when you came here... your income would have ALWAYS been possibly subject to ATO assesment.
This topic was discussed on Insiders (www.abc.net.au/insiders) a few weeks back.
The ammended ruling will impact, it is estimated, about 25,000 Australian taxpayers who are RESIDENT in Australia.
Currently there are a number of high income earners who use the reasoning that whenever they are travelling on business they aren't in Australia, so the income isn't earned in Australia, and therefore it isn't assessable under current ATO legislation. A tax loophole exempts income earned if you are out of the country for over 90 days per year. I guess they must have very good lawyers and accountants to make that sort of stuff stand up to the AAT when their returns are disputed.
Anyway... it does not apply to people who have satisfied the ATO that they are NON-RESIDENT for taxation purposes, which would be the bulk of residents in Qatar.
The important thing to note in this thread is:
The changes will probably make you NO MORE LIKLEY to pay any additional tax. Which is another way of saying that if you are worried that your income earned in Qatar may be taxable under Australian law, then you should have been worried about that when you came here... your income would have ALWAYS been possibly subject to ATO assesment.