Foreign Income Tax Return
Earned money overseas? If you are an Australian resident for tax purposes, you generally need to include your worldwide income in your Australian tax return. We make it simple – and help you claim credit for tax you have already paid overseas, so you are not taxed twice.
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What counts as foreign income?
Foreign income is any income that comes from outside Australia. Common examples include:
- Salary or wages from working overseas
- Rent from a property you own overseas
- Interest from an overseas bank account or fixed deposit
- Dividends from overseas shares
- Overseas pensions and annuities
- Capital gains from selling overseas property, shares or other assets
- Income from an overseas business
Do I need to declare it?
Australian residents
Generally, you must declare income from all sources, in Australia and overseas.
Temporary residents
You may not need to declare most foreign income, but some types – such as income from work done overseas – may still count. We will check for you.
Non-residents
Generally, you only pay Australian tax on income that comes from Australia.
Not sure which one you are? See our simple guide to Australian tax residency.
Already paid tax overseas?
If you paid tax in another country on income that is also taxed in Australia, you may be able to claim a foreign income tax offset. This reduces your Australian tax so the same income is not fully taxed twice. Limits and conditions apply, and you will usually need proof of the foreign tax paid.
Australia also has double tax agreements with many countries that can affect which country taxes your income and how much.
Keep it simple – our tips
- Keep statements showing the income and any tax paid overseas
- Amounts need to be converted to Australian dollars
- You may be able to claim expenses for an overseas rental property
- Don’t leave foreign income out – Australia exchanges financial information with many countries
- Missed foreign income in past years? Talk to us about fixing it before it becomes a bigger problem
⚠️ General information only – not personal advice. This page is a simple overview to help you understand the basics. It is not tax, legal or financial advice and does not take your personal circumstances into account. Foreign income, tax residency and tax treaty rules are complex, depend on your situation and the country involved, and can change. Please don’t act on this information without getting advice for your situation. UV TAX advises on Australian tax only – for tax obligations in another country, you may also need advice from a qualified adviser in that country.
How it works
Free consultation
Call 0466 268 405 or (03) 9007 7892 and tell us about your overseas income.
Free fixed quote
We give you a clear, fixed-fee quote before any work starts.
We do the work
Send your documents online. We check your residency, income and any foreign tax paid.
Done & lodged
We lodge your return and explain the result in plain English.
Overseas income? Get it right the first time
Speak with UV TAX today. Free consultation and a free, no-obligation fixed quote – no office visit needed.
0466 268 405Frequently asked questions
Do I have to declare interest from my overseas bank account?
If you are an Australian resident for tax purposes, generally yes – overseas interest is usually part of your worldwide income. Call us and we will check your situation.
I already paid tax overseas. Will I pay tax again in Australia?
Not necessarily. You may be able to claim a foreign income tax offset for foreign tax paid, which reduces your Australian tax. Limits apply.
I own a rental property overseas. What do I need?
Rent received, expenses paid and any tax paid overseas. You may be able to claim deductions. We will work it out for you.
I forgot to declare foreign income in previous years. What should I do?
Contact us as soon as possible. Fixing it early is usually much better than waiting. We can review and amend past returns where needed.
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General information only, current as at November 2026. Tax laws and tax treaties change and every situation is different. Contact us for advice about your own circumstances.