Your exempt foreign employment income is included in the calculation of your liability for Medicare levy.
Your total reportable fringe benefits amount and reportable employer superannuation contribution amount are also added to your taxable income to work out your liability for the Medicare levy surcharge.
We take your exempt foreign employment income into account when we work out your adjusted taxable income (ATI). This is one of the income tests that apply from 1 July 2009.
We use your ATI to determine if you are eligible for some tax offsets.
We include your exempt foreign employment income when we work out your repayment income as part of working out your study and training support loans for the year.
If you have a study or trade support loan, we include your exempt foreign employment income to work out your repayment income. You must make compulsory repayments to your study or training support loan when your repayment income exceeds the minimum repayment threshold.
If a benefit you receive under an employee share scheme (ESS) forms part of your foreign employment income. If your foreign employment income is tax exempt, the benefit is also exempt.
If your foreign employment income isn't eligible for the exemption, the benefit you receive under an ESS will not be exempt.How your foreign employment income can affect other aspects of your tax, even if it is exempt from income tax.