Tax - Expat Magazine

Where will you pay the highest taxes in European and Eurozone countries?
Where will you pay the highest taxes in ...
Which are the best or worst countries in terms of taxes in Europe and the Eurozone? The latest Eurostat study leaves little room for suspense. France, famous for its high tax regime, remains at the top of the list but is not the country with the highest tax rate. How does this affect expats and people who are looking to move to Europe? Here is an overview of the study and some answers to questions you might have.
Andalusia eliminates wealth tax to attract more expats
Andalusia eliminates wealth tax to attract ...
The sunny autonomous community of southern Spain, Andalusia, has scrapped the wealth tax that used to be levied on assets. It wants to attract expats and boost the economy with its tax attractiveness. Other autonomous communities, Galicia and Murcia, are following suit, while the central government plans on adopting measures that will cancel out the advantages of Andalusia's fiscal reform.  
What do Cyprus' new tax incentives mean for expats?
What do Cyprus' new tax incentives mean for ...
Its borders have reopened, but tourism is struggling to come back to life. Two years into the pandemic, Cyprus is again facing a summer with very few holidaymakers. A bad sign for the economy, which is battling against inflation and the repercussions of Covid. The government believes it has found a solution: attract more expats, especially well-off ones. Cyprus is luring foreigners with new tax breaks. What's changing for expats? Why is Cyprus counting on them?
Why are US expats keener on renouncing their citizenship?
Why are US expats keener on renouncing their ...
Greenback Expat Tax Services, which helps Americans abroad file their taxes, recently conducted a survey on 3200 expats living in 121 countries. A quarter said that they plan on renouncing their US citizenship (6%) or are seriously considering it (20%). The leading reason is the tax burden they feel, followed by concern about their home country's political climate. Many feel that having to pay US taxes while not living in the country is unfair.
Wealth Tax in Spain: How much will you pay?
Holborn Assets
Wealth Tax in Spain: How much will you pay?
Whether you live in Andalusia, Mallorca, Costa Blanca, Costa Brava, or the Canary Islands – Wealth Tax may affect you. It is therefore critical to understand Spain's wealth tax rules.
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?