Overseas Income Tax Calculator
Calculate Australian tax on foreign income. As an Australian tax resident, you're taxed on worldwide income - but you may claim a Foreign Income Tax Offset.
Key Points for Australian Tax Residents
- • You must declare all worldwide income in your Australian tax return
- • Foreign income is converted to AUD at the exchange rate when received
- • You may claim a Foreign Income Tax Offset (FITO) for tax paid overseas
- • Tax treaties may reduce or eliminate double taxation
Calculate Your Tax
Tax Calculation Results
Total Income
$100,000
Australian Tax (Before FITO)
$24,067
Foreign Tax Offset (FITO)
$3,000
Net Tax Payable
$21,067
Foreign Income Tax Offset (FITO)
The FITO prevents double taxation by allowing you to claim a credit for foreign tax paid on your overseas income.
FITO is Limited To:
- • Foreign tax actually paid
- • Australian tax on the foreign income
- • The lower of the above two amounts
FITO Limit Calculation:
FITO Limit = (Foreign Income ÷ Total Income) × Total Australian Tax
Countries with Tax Treaties
Australia has tax treaties with many countries to prevent double taxation:
USA UK Canada Germany Japan Singapore New Zealand China India France Ireland Netherlands
Australia has treaties with 40+ countries. Check the ATO website for the full list.