Savings Bank Account
Mar 15th 2008, 9:59 pm
#1
Forum Regular
Thread Starter
Joined: Oct 2007
Location: Sydney
Posts: 68
Savings Bank Account
Does anyone know whether a non Aussie resident/citizen can open a savings account here (as much better interest rate at the moment than UK) and if so what the tax implications might be? Thanks!
Mar 15th 2008, 10:13 pm
#2
BE Forum Addict
Joined: Nov 2004
Posts: 2,584
Re: Savings Bank Account
A non-aussie/non-citizen/non-resident can open a savings account here.
You will pay a withholding tax which I believe is 15%. This can be normally be offset against any tax you will pay in the UK or wherever but check this with your accountant as it depends on your particular situation.
You will pay a withholding tax which I believe is 15%. This can be normally be offset against any tax you will pay in the UK or wherever but check this with your accountant as it depends on your particular situation.
