Singapore Expats

Do you consider tax in Australia too high???

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baba
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Joined: Thu, 06 Jul 2006 3:04 pm
Location: Perth, Australia

Do you consider tax in Australia too high???

Post by baba » Thu, 06 Jul 2006 6:43 pm

Hi,
Can someone with knowledge of the subject offer some help please.

Currently we run a small business in Australia. My wife is Singaporean and we are considering moving the family back to Singapore permanently. We intend to maintain our business contacts in Australia, and start up the same business in Singapore. In fact, for the foreseeable future - all our income will be derived from Australian sources.

Will our income still be liable for Australian SUPER HIGH taxes? I have tried reading through the Double Tax Agreements and Non-resident foreign tax ruling on the ato website, but I openly admit I do not understand even 10% of it. And of the amount I do understand - I don't trust that I have understood it correctly..!

I have read a few postings on this site of people concerned about property revenue - this I believe, falls into a separate catergory. Therefore, if anyone is in a similar situation - ie they are residing in Singapore and have a business, selling services to Australia - we'd love to hear from you. :???:

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