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Home / Archives for taxation

taxation

Will I Be Taxed For The Money Brought To Australia?

Tax implications of money brought to Australia

Disclaimer: This article contains affiliate links. If you opt the services mentioned in the article via my links, I do get a small commission at no extra cost to you. Thank you for your support!

Recently, one of my colleagues sold her house in India and she wanted to bring that money to Australia. However, she wasn’t sure about the tax that she might have to pay in Australia.

I wouldn’t say her fear was entirely unfounded. The laws around finance and tax implications in Australia are often unclear and open to interpretation. You don’t want to go through all the hoops to send money to Australia from overseas only to pay hefty penalties here.

I often get questions from Aussian readers around transferring money in and out of Australia and the taxation aspect thereof. This article will try to answer those questions.

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Filed Under: Expat Life Tagged With: money transfer, tax treaty, taxation, transferwise

NRO vs NRE vs FCNR – What You Need To Know?

NRO vs NRE vs FCNR - Facts You Need To Know

Last updated on September 23rd, 2020

When I was living in India, life was really simple. When I got my first job, the first thing that I did was to open a savings account. Over the years, I didn’t do much different, just changed banks with each job.

That changed as soon as I landed in Australia. I was blissfully unaware of any such thing as NRO/NRE account until one day. I wanted to transfer some money from my Indian savings account to Australia.

My reasoning was simple. I used Transferwise or Instarem to transfer funds from Australia to India. Naturally, I assumed that I can transfer funds the other way around using similar services. Sadly, things are not that simple when you get the tag of NRI.

Hello, Mr. Non-Returning Indian (NRI)

In simple terms,

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Filed Under: Expat Life Tagged With: banking, finance, nri, taxation, tips

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About Me

Hi! I am Harsh. Welcome to Aussian - a unique place where I share my journey of moving from India to Australia and my experiences "Down Under". I hope that the information I share will help with your own preparations.

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