Tag Foreign Income

Foreign Income Tax Australia Offset and Limit

Foreign Income Tax Australia Offset and Limit

The objective of the Foreign Income Tax Offset (FITO) credit is to prevent double taxation where tax has been paid in a foreign country on income, which is also subject to Australian Income Tax.

Understand your Australian Tax Residency status

Your residency makes a huge difference to how you are taxed in Australia. Getting your tax residency wrong can cost you thousands. Use our free Residency Research Tool.