Converting foreign income to Australian dollars

You must convert all foreign income, deductions and foreign tax paid into Australian dollars for tax purposes.

There are two ways of doing this. Depending on your circumstances, you can use:

See also:

The government is continually reviewing international tax arrangements. For information on how potential international legislative changes may affect you, refer to New legislation.

If you need help in applying this information to your own situation, contact us by phone.

    Last modified: 29 Sep 2016QC 18372