Good day,
I am a sailing ship master, and have recently got my PR. I intend to enter Australia (Melbourne) around mid July 2016 to save on the tax of the previous year.
My concern is:
1) I would be transferring say about 50,000 AUD to start life in Australia. I assume the same is enough for atleast 6 months before i start sailing again (correct me if i am wrong) Then as and when needed i would transfer the amount depending on what is my job housing & living situation there. Will i be taxed on previous income (the 50,000 $ I am going to transfer) earned before i came to Australia. Is there any limit to which I can transfer funds to Australia before getting taxed.
I am aware that I will have to pay the tax on the income I earn after getting the PR.
Also is it advisable to transfer all the amount in 1 go or better do it in installments.
2) If I continue sailing with my present firm which is a company based in Dubai, My employer will not be paying my taxes, in that case how is the accounting of the Super done?
3) What document will I have to produce for showing my earning we only get a contract and we get payslips which is just on a plain paper.
4) My salary is paid in USD can i keep those usd in a fixed deposit in the bank for future use?