Driving In Spain
Driving in Spain is allowed on a foreign licence as a visitor but non-EU residents need to exchange for a Spanish licence after six months. What is involved? You will also need to understand what items and documentation you need to carry in the car with you and what the penalties for traffic violations....
Be Tax Savvy: File Early In 2020
GoSimpleTax recommend that you submit your tax return in April. Filing just short of the deadline can be a dangerous game. HMRC is under pressure, you may not have the documents you need, and it doesn’t leave you much time to save for your tax bill. Filing in April, on the other hand, solves the...
Missing the October US Tax Deadline Could Cost You Your Passport
As the October 15th deadline approaches for US expats to file their taxes the IRS is increasing pressure on those who are not in compliance. Greenback Expat Tax Services set out the risks and how to ensure you understand and comply with the requirements for expats. This article has been written exclusively for Expat Network...
U.S. Taxes For Expatriates – Pitfalls And Traps
To ensure a smooth tax-filing process be well informed. Having residency in a foreign country without exploring tax ramifications could mean paying more than expected to the U.S. government or home state with possible penalties and interest. This article was written exclusively for Expat Network by American Expat Tax Some important considerations include… Foreign earned...
UK Expats: Do I Need To File A UK Self Assessment Tax Return?
If you no longer live in the UK, you may still be required to file a Self Assessment tax return with HMRC even if you’re a non-resident. This article was written exclusively for Expat Network by Go Simple Tax Tax rules for UK residents and non-residents can be different – one of the first...
Buying Property In Hong Kong
The Chinese government owns all the land in Hong Kong, and property owners lease the land (or co-lease it, in the case of an apartment block). Most foreigners can buy in Hong Kong but, in an attempt to cool the market and put off overseas speculation, the government has imposed an extra 15% Buyers’ Stamp...
Saudi Arabia To Tax Money Sent Abroad
The Saudi authorities are considering a tax on remittances by expats. By tightening the rules on employees sending money abroad the Saudi government aims to raise revenue. It is considering plans to impose a tax of up to 6 per cent on money sent out of the country by expats. New rules may also limit...
U.S. Expats: How To Handle Delinquent Tax Returns
US citizens and residents living abroad are still required to annually file a US tax return and pay taxes on their worldwide income. US taxpayers, who have not filed US tax returns each year, are considered delinquent and can face potential civil and criminal penalties from the Internal Revenue Service (IRS). By Anthony N...
Five Things American Expats Need To Know About Foreign Bank Account Reporting
If you live abroad, chances are you have heard about FBAR and FATCA—but do you really know what they are and whether or not you need to file? It’s important that you fully understand because the penalties for failing to file if required can be steep! So let’s take a look at the five things...