Australian Tax and Law
DISCLAIMER: The information provided here by Online Money Made Easy may not be 100% correct due to legislation and taxation laws changing all the time. Online Money Made Easy will do its best to ensure the information provided is as accurate as can be. This information is supplied to aide you in researching tax and laws in your own countries and provide some quwstions to help you to gather correct information. Wemaster

This is probably one of the most confusing issues of making money in general and if you understand ALL of the requirements of your tax country, you will be more confident and know you are doing everything right concerning tax laws and protecting yourself from any problems that may arise when you hit the thresh hold of your country. The best way to be sure you are following the correct practices concerning tax is by talking to an Australian accountant.

The information under "Australian" is as accurate as I have been informed. If there is something not quite right, please let me know so I can rectify it immediately.

I will add other countries as I get the correct and relevant information.

I am still currently waiting for the Australian Taxation Office to supply me with ALL the correct information that I need. Therefore I can ONLY go by the information I have sourced myself.
I strongly recommend that you contact an accountant OR the Tax Department in you own country, as I am doing here, to make sure you are covered by law.

According to the internet, forums and a very helpful Australian accountant concerning Australian tax laws this is what I have so far.

Exempt foreign income. Some foreign income is exempt from being taxed in Australia even if it was not taxed in the foreign country. You don’t pay tax on foreign employment income, even if it was not taxed in the foreign country if your earnings are below the minimum tax threshold in the foreign country.

Most money earning activities undertaken on the internet come under hobbies.

Once you earn over $15,000.00 you will need to obtain an A.B.N with the A.T.O and you will need to declare your earnings.

Once you meet the thresh hold and obtain an A.B.N number - you become a sole trader and can therefore claim a S.O.H.O (Small office/Home office)  arrangement with the A.T.O and can claim business operating costs, so keep all of your receipts for a minimum of 5 years minimum.

These details are as correct as I understand them to be and any new information will be added as it arrives. Information that is false or misleading will be removed immediately.

If you have further information you would like to add to this site, and it is correct, please email webmaster

Thank You - Webmaster