Tax on money transfers from NZ to Aussie !!!!
I am a resident of Australia and expecting to recieve in excess of $AUD100,000 from NZ.
I have been told that I will probably have to pay tax on this amount, and also that my bank here in Australia must notify the ATO.... Is this correct???
Thanking you02 Oct 2006, 05:22 Anonymous
For that kind of amount, yes.earl 30 May 2007, 10:02 - Report
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