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savings tax rates in oz

savings tax rates in oz

Old May 24th 2003, 2:47 pm
  #1  
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Default savings tax rates in oz

hi,Anybody know what the savings tax rates in oz are and if they are linked to income?jockney
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Old May 24th 2003, 3:07 pm
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Default Re: savings tax rates in oz

Income from investments and savings is added to your other assessable income and is taxed accordingly.

And once you are resident in Australia and provide your Tax File Number to the bank the 10% tax that is withheld on interest paid to non-Aussie tax residents will no longer apply - you will receive interest gross with no tax deducted.

Best regards.



Originally posted by jockney
hi,Anybody know what the savings tax rates in oz are and if they are linked to income?jockney
Alan Collett is offline  

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