Use this calculator to help complete question 20 on the 2025 individual return. It replaces Foreign Income Tax Offset (FITO). The handy features of this workpaper include –
- In-built monthly and annual average exchange rates for 18 countries.
- The ability to add your own exchange rate for any country and period.
- It’s Excel, so you can copy in any source data to the data table to save time.
- Filter the data table by income type, country or period.
- Produce a summary for the return form labels, including calculating the foreign income tax offset.
Find it at Calculations/2025/Foreign Income – Individual