Target foreign income is:
- any income earned, derived or received from sources outside Australia
- a periodical payment by way of gifts or allowances from a source outside Australia
- a periodical benefit by way of gifts or allowances from a source outside Australia
provided that the amount has neither been included in your taxable income, nor received in the form of a fringe benefit.
For more information about target foreign income, see Target foreign income.
Completing this section
Enter the total amount of target foreign income you received during 2015–16.
If you have already entered exempt foreign employment income in the Foreign income, assets and entities section, that amount may be shown here. Otherwise, you will need to include it in the total target foreign income.
Note: Information shown in myTax may be updated based on you entering data in other sections. Before you lodge, you should review this information again to ensure it is correct.