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Old 25th January 2020, 02:13 AM
akkishiv akkishiv is offline
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Default Tax on global income if moving in mid-income year of Australia permanently.

Hi Folks,

I am seeking your valuable advice please assuming a lot of old member would have been in same situation-

Brief summary- I have made up my mind to relocate permanently to Australia around May or June-2020. My current federal tax rates (I live in a tax-free state so just pay federal tax and social security tax) in US are lesser compared to massive taxed in Australia.

Do I need to pay taxes on the wages and other income I earned for the whole July-19 to June-20 period or just only from the date I relocate permanently to Australia.

I am seeking if someone in their own experience end up paying taxes on the global earned income that you had before moving to Australia?

PS- Thanks, I understand there may not be professional advice available here but rather I am seeking knowledge gained from experiences of others.
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