What is the Foreign income conversion calculator?
This calculator will translate (convert) your foreign income into Australian dollars. The calculator can use :
- the annual average rate of exchange for a range of countries, or
- the conversion rate you provide.
Please note that if you are not an Australian resident for tax purposes, you are not required to include non-Australian sourced income in your Australian tax return.
What this calculator does not cover
You should not use this calculator if:
Information you will need
- Details of your foreign income.
- The estimate is based on the information you provide.
- This calculator does not determine your eligibility to a deduction.