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Saudi Arabia and UAE Introduce 5% VAT

The Middle East has long been associated with tax-free living, but from January 1st United Arab Emirates and Saudi Arabia 5% VAT on most goods and services. The introduction of VAT follows the recommendation from the IMF that oil-exporting countries in the Gulf introduce taxes as one way to raise non-oil revenue.  Forbes reports that although it th ...

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British Expats And The Statutory Residence Test

Tax residence is not an issue that most of give much thought to.  As a British taxpayer you are subject to tax on your worldwide income and any capital gains unless you are not UK resident.  So when you spend all or part of the year abroad the issue comes in to sharp relief as it can be fundamental to whether we are liable to UK tax or not.  The Statutory Residence Test (“SRT”) determines whether ...

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Non-Resident Capital Gains Tax 

Are you non-resident for UK tax purposes and own UK residential property? If so, did you know that if you sell your UK property you have an obligation to file a Non Resident Capital Gains Tax Return (NRCGTR) within 30 days of conveyance? This is the case even if you do not make a gain on the sale of the property or if any gain is fully covered by Private Residence Relief (PRR). This article was wr ...

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Tax On Return To The UK?

We are in the process of considering a return to the UK. We left in April 2015 and we are resident in the Philippines. If we return we plan to sell our property in the Philippines to use as payment for a property in the UK. The question is, will the money to be transferred be subject to UK tax? Jason Porter, a director of expat financial advisers Blevins Franks, answered this question. “The date o ...

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How Do I Land A Job In The Middle East?

I am looking for a job in the Middle East, ideally the UAE, and wondered if you might have some tips about how to go about this? I have experience in the finance, medical and engineering sectors. Rebecca Steele, from expat financial advisers AES International, based in Dubai, answered this. “Having been a job seeker myself in the Middle East my best advice would be to research companies you are in ...

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UK Expats: Does The Self-Assessment Tax Return Deadline Affect You?

Each year, countless people leave the UK for foreign shores, chasing a new life or career. Yet this break from Great Britain may not be clean in the eyes of HMRC, who could disagree with your ‘expat’ status. This article was written exclusively for Expat Network by SimpleTax Many non-resident Britons still face obligations when it comes to taxation, and must declare their earnings before the self- ...

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Tax To Be Paid Twice On Overseas Earnings?

I left the UK for India on 5 March 2017 to work on a two-year contract. My salary is paid into an Indian bank account in rupees and I transfer funds back to the UK. I am thinking of returning to the UK early in December 2017, but I fear I may be taxed in the UK. Jason Porter, director of expat financial advisers Blevins Franks, answered this question. “I would suggest even though you left in the p ...

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Self-Assessment Made Easy Using SimpleTax

HMRC-recognised SimpleTax has been developed for you and not accountants, calculating and submitting your return direct to HMRC. As it is cloud-based, SimpleTax is perfect for expats, guiding you through your return without all the tax jargon, prompting you to claim the allowances you are entitled to. This article was written exclusively for Expat Network by Simple Tax Here’s how SimpleTax can hel ...

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Do I Have To File US Tax Return From Abroad?

I am an American citizen who has lived in Mexico for 20 years. An accountant told me that if I spend only 30 days out of the US a year, I don’t have to pay federal income tax. Is this true? If it is, then do I have to file a tax return every year? Tabitha Paddock of Greenback Tax Services answered this question. You are required to file a US tax return if you earned above the minimum amount ...

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Get The Facts About Filing Late US Taxes

The June deadline has come and gone, but if you haven’t filed your taxes yet, there’s still time to get caught up and become compliant with the IRS this year. Not sure where to begin? Don’t fret – the information you need to know is right here in this Q&A.   By Greenback Tax I Haven’t Filed Taxes In Multiple Years – What Now? For starters, don’t let yourself worry too much – the IRS isn’t ...

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