ITR Filing: 7 Reasons Why You Should File Income Tax Returns

Your tax return is your sole responsibility. So if you generate income in Australia, you have to have a tax file number (TFN) and pay taxes using your earned money. You can compute the amount you need to pay for taxes in a specific year based on your annual tax return.

ITR - income tax returns filing

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“Whether you’re a U.S. citizen or a green card holder living in Australia, you need to be aware of your tax obligations as a U.S. expatriate [in Australia], which can be a complex issue without guidance. For instance, if you earn income while on a short-term assignment in Australia, you are required to report that and any other income earned [in Australia] on your U.S.

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