If you’re an Aussie expat working in Hong Kong, your tax issues start with these three points.
Know your position and plan for it. Your tax residency status has a significant impact on your tax position in Australia and overseas. Don’t make assumptions, because getting it wrong can be costly. Get some professional tax advice before you go overseas to better understand your tax residency status, and the potential effect on your bottom line.
Read the full article on tax issues for Australians working in Hong Kong
While it may be effective to salary package some benefits in Australia, expats should know that some of those benefits may not operate when you’re working outside of the country.
Some employers will continue to pay into your Australian superannuation fund, while others will make contributions to a pension fund in the foreign jurisdiction.
This article is from the June issue of INTHEBLACK.