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  • Foreign income conversion calculator

    The Foreign income conversion calculator will convert your foreign income into Australian dollars. It can be used for the 2013–14 to 2019–20 income years.

    The calculator can use:

    • the annual average rate of exchange for a range of countries, or
    • the conversion rate you provide.

    See also:

    To understand your tax situation you will need to work out if you are an Australian or foreign resident for tax purposes.

    Note: If you have a Higher Education Loan Program (HELP), VET Student Loan (VSL) or Trade Support Loan (TSL) debt you need to:

    • report the income you earned outside of Australia, even if you are not an Australian resident for tax purposes
    • use the annual average rate of exchange for the Australian income year. If your currency is not listed in the calculator, you may use another exchange rate, for example from a bank.

    For more information, see HELP, VET and TSL overseas obligations.

    When you can't use this calculator

    You can't use this calculator if:

    However, you can still use this calculator if you are an Australian non-resident for tax purposes and have a HELP, VET or TSL debt and earning foreign income.

    Disclaimer

    The calculator results are based on the information you provided at the time of calculation. You should use these results as an estimate and for guidance purposes only.

    This calculator does not determine your eligibility to a deduction.

    Information you need for this calculator

    • Details of your foreign income.

    Use the calculator

    Last modified: 15 Jul 2020QC 16847