I had some money in a foreign PayPal account which I earned before coming to Australia.
Later, I moved to Australia in July 2019 as an international student. And in order to withdraw the money to my AU bank account, I had to create an AU PayPal account and transferred the amount to the new account from my old account (I know not the most brilliant idea.)
So now, I have that amount on my Australian PP account but didn't withdraw it yet to my bank account.
Now my questions are:
- Do I have to pay income tax on my PP income?
- If yes, how much is that?
In my country, we don't pay income tax, therefore, I am a bit novice about all the situation.
Thank you for your help.