QUOTE(MilesAndMore @ Apr 9 2012, 06:38 PM)
You are saying that you deposit the money through ANZ Singapore but then they will help you to transfer the money to Australia ? But is the deposit earned is still taxable ? Because in the case of Citibank IPB Singapore, it is not no matter how many millions you deposit.
HSBC offers a similar fee free service through its global transfer portal to its Premier and Private Banking customers as well with a daily limit of up to USD100,000 (or its currency equivalent).
By the way, OCBC offers a similar service as well in collaboration with ANZ AU
It's not taxable as well for meHSBC offers a similar fee free service through its global transfer portal to its Premier and Private Banking customers as well with a daily limit of up to USD100,000 (or its currency equivalent).
By the way, OCBC offers a similar service as well in collaboration with ANZ AU
Citibank IPB case the reason y it's not taxable as they would split the account which still under your name wit citi australia as to not to incur the charges of tax unless u hav reach a million which red flag ATO
i believe u hav to clarify wit Citibank as i believe these days wit ATO u would hav to declare and paid for tax if ur cash assets r worth more than a mil
i do file my taxes wit ATO as to avoid being tax on my savings as well
Apr 10 2012, 10:25 AM

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