International Tax

Electra Frost is an Australian International Tax Specialist for Creative People… a rare field of expertise. She is empathetic with clients who need affordable and high quality advice.

Departing Australia – what you need to know before you go! Foreign income and tax residency. Avoiding double taxation. Doing business overseas. Tax advice when entering Australia. Skilled migrants with permanent residency plans. Capital Gains Tax and Superannuation.

Electra has over 15 years experience with various foreign tax scenarios and holds a Masters degree in International Tax.  Many of our clients are based overseas and meet with us over video. We can work with your overseas accountant to ensure that your cross-jurisdictional tax matters are handled responsibly.

Careful planning and structuring may save you paying unnecessary tax.

We offer an Initial Tax Review service for clients who have simpler international tax advisory needs than large-scale businesses and investors, but who still require specialist advice on their circumstances.

Firstly – Please contact us – tell us what your situation is:

  • I am departing Australia and need tax advice
  • I am returning to Australia and need tax advice
  • I live outside Australia and need tax advice / assistance
  • I live in Australia but need tax advice on my overseas assets
  • I have left Australia permanently and want my superannuation
  • I want to expand my business overseas
  • My company needs international tax advice / assistance
  • Other – my situation is more complicated

We can then book your initial video consultation. We arrange a second consultation if your matters are complex. Our engagement terms and professional fees quote will be provided up-front.

If you’re planning to work overseas, before you leave it’s very important to know how to report correctly to the Tax Office . Your overseas income may not be exempt from Australian tax and there are steps to take if you expect the ATO to consider you a non-resident for tax purposes.

If you are leaving Australia permanently, you will need a Tax Plan for your Australian based business activities, assets subject to Capital Gains Tax and Australian sourced income from investments. Before you leave,  we can review your assets and advise you on the tax treatment and best possible strategies.

Before commencing business overseas, you need to understand some complex rules. Australian residents  can be taxed on the income of their overseas business under the Controlled Foreign Corporations laws. If your Australian business transacts with related entities overseas, consideration must be given to the transfer pricing rules to ensure that profits are correctly determined for each jurisdiction.

If you are new to Australia, we have the expertise to give you sound advice on setting up a business, tax obligations, registrations and dealing with the government agencies.

Overseas tax lodgments – we cannot lodge your overseas tax documents, however we may be able to refer you to an appropriate accountant and deal with them on your behalf if you wish.