It's reported as foreign source ncome. That way, if they withhold any tax on the payment, that tax withheld is credited to whatever tax you pay on it here. They probably won't withhold any tax on it, though, as you're unlikkely to earn enough to make ti worth their while.
If they pay by cash, that cheque is then converted to Australian dollars and you declare that amount, remembering to take into account the cost of converting it to AUD (which was $28 the last time I had to do it). Remember, too, that you don't declare anything until you actually cash the cheque, not when they send it, so if you're paid in a foreign currency hold off until our dollar falls through the floor again and you'll be rich! This may take something like a decade to hapen, thoough...
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Date: Mon, Mar. 21st, 2011 12:08 pm (UTC)If they pay by cash, that cheque is then converted to Australian dollars and you declare that amount, remembering to take into account the cost of converting it to AUD (which was $28 the last time I had to do it). Remember, too, that you don't declare anything until you actually cash the cheque, not when they send it, so if you're paid in a foreign currency hold off until our dollar falls through the floor again and you'll be rich! This may take something like a decade to hapen, thoough...