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  • 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:

    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.

    See also:

      Last modified: 21 Jun 2021QC 18372