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Sponsored: 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.   Here’s how SimpleTax can help you calcul ...

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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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Sponsored: Protect Your Financial Future

Protect your financial future! The U.S. imposes taxes on the income of its citizens, regardless of where they live. Australia is home to the sixth largest American population in the world, and U.S. expats in Australia experience the financial consequences of U.S. tax compliance more acutely than those in other countries, leading many to renounce their U.S. citizenship.   Considering giving up ...

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Saudi Arabia Collects New Tax On Expats

From July, Saudi Arabia is collecting a new tax from expats and their dependants, a move that is seen to boost the country’s revenues amid weak oil prices. The new fee will be 100 Saudi riyals (SAR) per dependant per month, around £21 or $27. The amount is expected to increase gradually every year until 2020. By next year, the figure will double to SAR200 and increase to SAR300 in 2019 and SAR400 ...

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Why Some British Expats Are Liable For IHT

You may not be aware as a British expat who pays no UK income or capital gains taxes that you can still be liable to inheritance tax (IHT). Your liability for UK IHT depends on if you are deemed domiciled in the UK, says Stuart Ritchie of expat financial advisory firm AES International. If you or your father were born or raised in Britain, you are likely to be deemed domiciled in Britain. If your ...

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Working In South Africa: The Tax Implications

South Africa is one of the expatriate jurisdictions where proactive planning makes a significant difference to the tax and exchange control implications of an international mobile employee. The primary reasons for this proactive planning are: Unlike most other countries, with good planning you only become ‘tax resident’ in the beginning of your sixth year in South Africa; and There are various tax ...

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Top Three Ways To Save On Your US Expat Taxes

Ah, filing expat taxes…one of the necessities of living overseas. While it may not be the most enjoyable thing about your adventure abroad, fortunately the IRS provides a number of ways to avoid double taxation so you can save money come tax time. By Greenback Tax Here we highlight the top credits, deductions and exclusions to use that will help you save big when filing your US tax return.  Take A ...

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US Expat Tax: Don’t Lose Your Passport!

If you are an American have seriously delinquent tax debt, IRC 7345 authorises the Internal Revenue Service (IRS) to certify that to the State Department. The department generally will not issue or renew a passport to you after receiving certification from the IRS.   Upon receiving certification, the State Department may revoke your passport. If the department decides to revoke it, prior to revoca ...

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US Expat Tax Deadlines You Need to Know

We are quickly approaching the first of several US tax deadlines – and as an American abroad, it’s time to begin preparing to file your US expat taxes. Since your reporting and filing requirements can be a bit more complex while living abroad, being prepared well in advance can set your mind at ease when it comes to staying compliant with the IRS. By David McKeegan Here are the most important dead ...

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Tax And Residence Rules For British Expats

You can still be liable for UK income tax even if you think you are safely non-resident. Make sure you pass the statutory residence test, writes Iain Yule. The UK’s statutory residence test is a welcome development after the old system, say advisers at expat specialists Blevins Franks, and provides much more certainty. However for more complicated cases it can still be rather complex and it is imp ...

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