Tax on worldwide income 444scv
#1
Just Joined
Thread Starter
Joined: Mar 2016
Posts: 4
Tax on worldwide income 444scv
HI I am dual NZ UK ctitzen and aim to retire in OZ using my NZ passport
I have been told than as a temporary resident on 444 SCV you are only taxable on what you earn in Australia and foreign derived income is expempt
Anyone seen or heard about this
Thanks
alan
I have been told than as a temporary resident on 444 SCV you are only taxable on what you earn in Australia and foreign derived income is expempt
Anyone seen or heard about this
Thanks
alan
#2
Re: Tax on worldwide income 444scv
It is true that holders of certain temporary visas are not taxed on worldwide income. I do not know if the 444scv is one of those certain visas, but it could be. Who told you that there was an exemption? If it was your accountant I would presume they are correct and go along with it.
#3
Just Joined
Thread Starter
Joined: Mar 2016
Posts: 4
Re: Tax on worldwide income 444scv
HI Just seen it on a number of accountancy websites Seems to be true
alan
alan
#4
Victorian Evangelist
Joined: Sep 2005
Location: Melbourne, by the beach, living the dream.
Posts: 7,704
Re: Tax on worldwide income 444scv
You will be taxed in NZ though on earnings in NZ.
BB