Tax - Expat Magazine

Do short-term expats have to pay taxes?
Do short-term expats have to pay taxes?
Short-term expatriates move abroad for several reasons: studies, work, volunteering, etc. Although they might believe after getting their visa and paper done when needed, that bureaucracy is over, some countries might require them to pay taxes. When can that happen? 
How do tax reforms affect expats and digital nomads?
How do tax reforms affect expats and digital ...
Expats in Mexico should expect a major change. Determined to fight against tax fraud, the Mexican government introduced a reform in its tax system. From July 1, all foreigners over the age of 18 living in Mexico will need to have a tax number, whether they are permanent residents or not, and whether they earn their income in Mexico or not.
Tax reforms in Belgium: A dilemma for expats
Tax reforms in Belgium: A dilemma for expats
Last January, the Belgian government introduced two new tax regimes, some of which are expected to affect expatriates. On May 6, a long circular was issued, providing details on these two regimes. This reform was initially supposed to be simple, ending some types of tax benefits and supporting low-income families. How does this affect expats?
Dutch government's new budget might not benefit expats in the Netherlands
Dutch government's new budget might not ...
The Dutch government is currently undergoing the lengthy process of putting together a spring budget statement, labeled “voorjaarsnota”, which outlines the new cabinet's finances and budget plan. Reports suggest that various tax benefits—including the 30% ruling for expats in the Netherlands—could be scrapped under its changes as part of the government's plan to make up for additional energy and defense expenditure.
When should expats make their tax return?
When should expats make their tax return?
Moving abroad is an exciting but also a long journey. Expats have to research carefully and prepare for their financial responsibilities abroad and, in some cases, for tax returns in their home countries, as happens with Americans and French expatriates. 
Countries where expats have to declare their income even when they are no longer residents
Countries where expats have to declare their ...
If expats are thinking about moving to another country to get away from financial and administrative responsibilities, they have to be careful and have a thorough look at their home countries' red tape rules. There are many countries where expats have still to declare their income even if they're no longer a resident. 
How can expats avoid tax evasion?
How can expats avoid tax evasion?
Remote working and digital nomadism have been on the rise since the beginning of the pandemic. More and more people are starting a new life abroad without necessarily being aware of the tax rules and requirements in their expat country. Taxes are far from being their primary concerns. And yet, tax residency is a crucial factor, considering that there are tax treaties between your expat country and your home country, and depending on your personal situation. How can expats be in line with tax rules?
Why you should consider taxes before moving to Europe
Why you should consider taxes before moving ...
Most European countries, particularly those of the European Union (EU), have higher tax rates than other global powerhouses. In 2019, taxes accounted for 40.1% of the GDP of EU Member States. Even though the pandemic has led to a significant rise in public expenditure and a tax decline, there's still a huge gap between countries with high and low tax rates. So which are currently the most attractive countries?
The implications of a global minimum tax for international mobility
The implications of a global minimum tax for ...
  To prevent the relocation of big companies and corporations to countries with low tax rates and stop the offshoring of their profits to tax havens, America's 46th president, Mr. Joe Biden, advocates a global minimum corporation tax of at least 15%. The Group of Seven has also backed Biden's proposal. The finance ministers of the G7 agreed to battle tax avoidance by making companies pay more in the countries where they do business.
American expats might have new taxation on their revenues 
American expats might have new taxation on ...
A recent measure from a Colorado district court may lead to negative consequences for US expatriates and those seeking to live and work abroad without renouncing their US citizenship. Is it fair if American expats have their income taxed as if it were earned in the US?
How important are taxes for expats?
How important are taxes for expats?
There are many reasons for moving abroad, like better career opportunities, higher wages, a better quality of life, higher living standards, etc. But have you ever considered the different types of taxes you could pay as an expat employee, business owner or retiree?
Which countries have the best tax systems?
Which countries have the best tax systems?
Taxes are never fun. So if you want to move abroad, but you're not sure where to yet, you might want to consider tax systems. Here's an overview of the best tax systems around the world according to a study by Tax Foundation.
Portugal as a retirement haven: end of an era?
Portugal as a retirement haven: end of an ...
The amendment has sent shockwaves across the expat community in Portugal. On the 27th of January, the Portuguese government announced it would be reconsidering the fiscal advantages non habitual residents benefit from: tax exemption on foreign earned assets is officially over. Does this mean the end is in sight for Portugal as an expat destination?
Everything you need to know about freelancing as an expatriate
Everything you need to know about ...
Paris is the number one city in the world for freelancing, according to Small Business Prices, a British business information site that has released, earlier in February, its ranking of the best cities to become a freelancer. When it comes to professional trends and working styles, one thing is certain: we have entered the age of the ‘digital nomad.' Around the world, professionals are abandoning office life in search of freedom and freelancing - armed with a passport and a laptop, their office might be a hammock in Thailand, a café in New York or a coworking space in Buenos Aires. But what if you don't want to move from place to place? How possible is it to establish yourself as a freelancer in a new country? What about visas and taxes? This article is a great place to start if you're thinking about making the leap into international freelancing.
An insight into expat taxes
An insight into expat taxes
From March 1st, 2020, South African expatriates will have to pay an “Expat Tax” following recent amendments to the Income Tax Law. Hence, South Africans will only be exempt from taxes on the first R1 million threshold – following which they will be required to pay tax on their global income. Tax laws eventually vary from one country to another. Generally, you have to pay income tax, whether you are an employee, an entrepreneur or a retiree. You should also watch out for double taxation. Here are some tips to help you get started.
Tax incentives: The countries you should consider
Tax incentives: The countries you should ...
Tax incentives are an underestimated criterium in the relocation plans of expatriates. It is not necessarily ignored by expats themselves – rather, most of the agencies, companies, institutions, and media choose to ignore tax incentives in the particular country and focus more on marketing criteria such as quality of life, safety, living cost, and specific job opportunities.
Portugal introduces a new list of activities with high added value for 2020
Portugal
Portugal introduces a new list of activities ...
If you have always wanted to work or set up a business in Portugal, we have some good news for you! The government is introducing a new list of activities with high added value as of January 1st, 2020, allowing more non-habitual residents to enjoy tax incentives provided. The announcement was made by the Portuguese Finance Minister, Mário José Gomes de Freitas Centeno, with the aim of making the country even more attractive in the eyes of foreign professionals.
What is the tax situation like for working expats?
What is the tax situation like for working ...
A recently proposed change to the capital gains tax for Australians residing abroad has caused quite a bit of a stir in the https://www.expat.community: the proposed law could have imposed heavy tax bills on thousands of Australians living outside their home country and was retrospective (which meant it would affect those having property in the country as far back as 1985).  While the new law has lapsed and may not be implemented at all — it does raise an often confusing and complicated question: how, where and how much tax should an expat be paying?