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...
Silver Lining To Brits Leaving Spain
Overseas mortgage specialist, Simon Conn, sees potential opportunities from reports that a number of British residents are leaving Spain. Spain’s National Statistics Institute’s provisional figures indicate a drop from 293,475 in 2017 to 285,698 in 2018. This follows a drop of 5,827 in 2017 over 2016. With the uncertainties of Brexit it is likely that...
The Attractions Of Malta
Malta, with its 300 days of sunshine, laid back lifestyle, and long and colourful history has proved a popular spot for both tourists and expats. The total population is around 450,000, but this includes around 60,000 foreign nationals, of which 7,000 hold a UK passport. With its strategic position in the Mediterranean, it has long...
Passport And Visa Requirements For Malta
A visa is not required for stays of up to three months for EU nationals and those coming from visa-exempted countries. Visas available are single-entry visas (valid for one month), transit visas (24 hours) and multiple-entry visas (one year). Any non-EU foreigner planning to work in Malta must have an employment licence (formerly known as...
How To Renounce US Citizenship, The Costs And Implications
Reports consistently point to the increasing numbers of Americans considering renouncing their US citizenship with the burden of citizenship-based taxation as the major driver. Up until 2009 there were less than 750 people renouncing their US citizenship annually. This increased to 1,500 in 2010 and continued to grow peaking in 2016 at 5,409 with a...
Taxation Of US Expats: The Basics
The basic principle is that Americans living and working abroad are subject to the same tax rules as those who remain in the US. Americans are subject to US income tax on their worldwide income. There are the additional reporting requirements of FATCA and FBAR (see Five Things American Expats Need to Know About Foreign...
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...
Skilling Australia Fund Levy Comes Into Effect
On 12 August the Skilling Australia Fund levy commenced. The SAF levy is a levy payable by employers nominating overseas skilled workers for Temporary Skill Shortage (TSS) (subclass 482), Employer Nomination Scheme (ENS) (subclass 186) and Regional Sponsored Migration Scheme (RSMS) (subclass 187). The SAF levy replaces the Training Benchmarks, which required visa sponsors to show that they had...
Brexit – Increasing Uncertainty For British Expats In The EU
British expats face continuing uncertainty in the light of the increasing risks of a no deal Brexit and the Brexit Select Committee has called on EU leaders to guarantee the rights of British expats in Europe. Many British expats fear that they stand to lose their rights to live and work in member states if...
Citizenship And Residency By Investment
Internationally mobile investors and entrepreneurs are often keen to gain the advantages of permanent residence or citizenship in a second country. Investor Visas or Golden Visas as they are commonly known can facilitate residence or citizenship if you meet the requirements for that country. Residence through investment There are a number of countries around the...
Getting A Social Security Number In Spain
Anyone who works or studies in Spain is required to have a social security number. This number (número de afiliación de la seguridad social) gives you access to the social security services and healthcare in Spain. Social security is generally paid for by the employer. Once you have been entered into the system the number...
Applying For Residence In Spain
Understand how to apply for and maintain residence in Spain An NIE (Numero de Identificacion de Extranjero) and a Tarjeta de Residencia (residency card) is required if you intend to stay in Spain for more than 90 days. It is possible to stay without applying for residence, but it is required for many purposes, including...