Demystifying PFICs for Australian Expats in the US: A Comprehensive Guide (In-Depth Exploration) For many Australians who live and work in the United States, navigating US taxes can be a nightmare, especially when it comes to declaring your Aussie investments in your US return? Managed …
Update: Thailand Clarifies Tax on Foreign Income
Background to Thailand’s Plan to Levy Tax on Foreign Income Recently we published “Tax Alert: Thailand to tax foreign income”, an article about significant new changes introduced by the Thai Revenue Department through Revenue Order 161/2023, that seek to tax Thai tax residents on any …
Tax Alert: Thailand to tax foreign income
25/11/2023 – Update: The Thai Revenue Department has recently issued a follow-up revenue order 162/2023 that clarifies the operation of these new rules. It’s recommended that you continue to read this article first, and after take a look at our latest article which details the …
Are share trading profits of non-residents taxable in Australia?
According to Sydney-based research firm Investment Trends’ 2022 1st Half Online Investing Report, online share traders have increased from 700,000 in 2019 to approximately 1.47m today. Australian Bureau of Statistics migration statistics for 2022 revealed that 224,000 Australians left Australia permanently to migrate overseas in …
Everything you need to know about offshore bank fees
Bank fees can be confusing and costly, especially for Australian expats regardless of whether you paying them at home or abroad! In Australia, bank fees consistently increase, so it’s important to pay attention to rising rates. When you travel overseas, the situation becomes more complex, …
5 Entrepreneur Visas for Business Owners to Live Overseas
Are you an Aussie expat business owner? Are you intrigued by the idea of paying less tax? If so, we encourage you to consider taking your business offshore. Not only this, but various countries will offer you a second residency if you set up your …
Tax Residency for Australian’s working on cruise ships or yachts
On 2 November 2022, the Administrative Appeals Tribunal handed down a decision in relation to a case Duff and Commissioner of Taxation (Taxation) [2022] AATA 3675 (2 November 2022). Duff, an Australian, who was employed as a chef on a cruise ship. The Case and …
Could Remote Working During the Pandemic Affect Your Tax Burden?
During the recent Covid-19 pandemic, in line with Organization for Economic Cooperation and Development (OECD) guidance, the Australian Taxation Office (ATO) issued some additional guidelines for Australian expats who returned to Australia to visit, but who couldn’t leave due to covid restrictions either here or …
3 ways to enjoy expat life
When you think about living as an expat, what springs to mind? Everyone has their own idea of what it means to be an expat, but there is more than one way to enjoy this type of life. Here, we take a look at three …
The power of property investment
Finding the right commodity, or company to invest in is a big decision, but it doesn’t have to be a hard one. We all know that investing in property is a fantastic way to build your investment portfolio and work towards financial independence. While property …