myTax 2018 Foreign employment income – not on a payment summary

Foreign employment income is income you earned working overseas as an employee, such as salary, wages, commissions, bonuses or allowances.

Before completing this section, see You need to know.

Do not show at this section

Warning:

This information may not apply to the current year. Check the content carefully to ensure it is applicable to your circumstances.

End of attention

• Income earned from delivering Australian official development assistance (ODA) if you are an Australian Government agency employee (and not a member of a disciplined force). Show it at Foreign employment income in the Payment summaries section.
  Members of a disciplined force delivering ODA are still eligible for exemption. For more information, see Exempt foreign employment income.
• Foreign employment income shown on a PAYG payment summary – foreign employment. Show it at Foreign employment income in the Payment summaries section.
• Payments you received on termination of your employment in a foreign country. They are shown at Employment termination payments in the Payment summaries section.
• Employee share scheme interests that you received at a discount and that relate to your foreign employment. They are shown at Employee share schemes in the Other income section. The amount of any foreign income tax offset may include amounts of foreign tax paid in respect of employee share scheme discounts.

Depreciation and capital allowances tool

You can use the Depreciation and capital allowances tool to work out any deductible decline in value or any balancing adjustments for assets associated with earning foreign employment income. To access the tool, select Work it out in the Deductions section on the Prepare return screen.

Completing this section

You will need details of your foreign employment income - not on a payment summary - from each employer or payer.

All foreign income, deductions and foreign tax paid must be converted to Australian dollars before you complete this section. You can use the Foreign income conversion calculatorThis link opens in a new window.

Before completing this section, see How to work out if your foreign employment income is exempt from Australian tax.

1. For each foreign employment income not on a payment summary, select Add and indicate the Type of payment.
2. If the Type of payment is 'Employment income', enter information into the corresponding fields.
   1. Show your gross foreign employment income amounts before any foreign tax was taken out. Do not include any exempt income or foreign employment income shown on a PAYG payment summary - foreign employment. If you are entitled to a refund of the foreign income tax, we consider the tax not to have been paid.
   2. Show your deductible expenses that you incurred in earning the foreign employment income.
      The types of expenses you may be able to deduct against your foreign employment income are explained in the Work-related expenses sections, but do not claim these expenses there.
      Debt deductions, such as interest and borrowing costs, are not taken away for the purpose of this calculation. If you incurred debt deductions in earning your foreign employment income, see Other deductions.
      Note: If you used the Depreciation and capital allowances tool, fields containing information from the tool cannot be directly adjusted in myTax. To make any adjustments to this information, or to add new assets to the tool, select Work it out.
3. If the Type of payment is 'Exempt income', enter information into the corresponding fields:
   1. select the Country employed in
   2. answer the question Does this include lump sum in arrears?
      If Yes, enter the Lump sum in arrears amount and the required additional information (year and amount earned), and select Save. If the payment relates to more than one year, select Add and provide additional details.

The exempt income will not be included in your taxable income but will be used to determine the amount of tax, Medicare levy, Medicare levy surcharge (if applicable) and compulsory HELP, Financial Supplement, Student Start-up Loan and Trade Support Loan repayments.

4. Select Save.
5. If you haven't already done so, answer the question During the year did you have an interest - direct or indirect - in overseas assets worth AUD$50,000 or more?
6. Select Save and continue.