| Foreign exchange rates |
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Translation (conversion) to Australian dollars - foreign currency exchange rates to useAll foreign income, deductions and foreign tax paid must be translated (converted) to Australian dollars before including it in your return. From 1 July 2003, there are specific rules that tell you which exchange rate to use to convert these amounts. Generally, these require amounts to be converted at the exchange rate prevailing at the time of a transaction, or at an average rate.
If you would like further information on the conversion rules, refer to the Tax Office publications:
Conversion rules prior to 1 July 2003 Income received or expenses incurred prior to 1 July 2003 will need to be converted using the old conversion rules. The schedules containing the relevant exchange rates are listed in the table of contents on the right hand side of this page. Exchange rates prior to July 2003 can be accessed under Prior year exchange rates. |
Michael Hung's Social Activities
Some Activities
| About Michael Hung |
| Michael Hung Productions-- DVD & CD Solo Saxophone Proceeds from sale to Charities |
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