Common Reporting Standards - How it Works for Expats Living and Working Abroad

Common Reporting Standards - How it Works for Expats Living and Working Abroad

How it Works for Expats Living and Working Abroad

ProACT Sam highlights the changes in exchange of informatio and what Expats should consider about the way they report tax income and capital.

Exchange of financial information has been around since 2005 when any savings or investment income was required to be reported by the bank/investment fund to their local tax authorities. 

From the start of 2016 a new level of exchange of information was introduced. Called the Common Reporting Standard (CRS) by 2018 102 countries (including every one of 28 EU countries) have committed to CRS exchange of information.

4 Steps to RAIS Your Game and Overcome Challenges

4 Steps to RAIS Your Game and Overcome Challenges

Embrace the New Year with resolve and resolutions you keep.

Don't stay where you are , consider a life Living and Working Abroad.

Recognise

Recognise the Challenge in front of you, say hello

4 Review Steps for Expats Planning for EU Brexit

4 Review Steps for Expats Planning for EU Brexit

Sam Orgill of ProACT Expatriate Advice considers what we know so far and recent developments in Brexit and the 4 areas of impact Expats should consider and review to protect Residency Rights, Tax on Income, securing Overseas Property, Medical Cover post Brexit.

Find out more at our website www.proactpartnership.com

CONTACT US

We have created a Free down load to read more on this topic :

FREE DOWNLOAD

UK Brexit Budget for Expats

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Today Wednesday 22/11/17 at 12:30pm is the UK Budget for Brexit.  

Follow our commentary Today on Facebook  

 https://www.facebook.com/events/1198660776932411??ti=ia

Join Our Live Webinar Thursday 30/11/17 for an in depth EU Brexit for Expats review after the UK set out their stall in the Brexit Budget This Event is hosted on Facebook Click the link below:

https://www.facebook.com/events/148377579245852??ti=ia 

Sam Orgill

ProACT Partnership Expatriate Advice

ProACTSam Orgill

ProACT Partnership - Tax Saving Expat Experts

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TAX - BUSINESS - WILLS & ESTATES - IMMIGRATION - PROPERTY SERVICES

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Living and Working Abroad, relocating overseas,

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Expat Business Network,

Tax Saving Expat Experts,

EU Brexit for Expats Updates

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ProACT Partnership - Expatriate Advice - Tax Saving Experts

Automatic Inheritance Tax on Property, Business and Probate.for Expats

Automatic Inheritance Tax on Property, Business and Probate.for Expats

Automatic Inheritance Tax on Property, Business and Probate for Expats

8 Reason to Use Wills and Trusts to Protect Overseas Assets

ProACT Sam Orgill www.proactpartnership.com  .

Automatic Exchange of Information Impacts Everything

Time to review your Will: EU law is not the same as UK, and Automatic Exchange of information makes sure offshore property, investment and business is reported between your home country and country of residence.

The EU introduced new laws for dealing with Estates. Cyprus like other EU countries introduced wide ranging changes in legislation that has a direct impact on the tax status of assets held by Expats overseas.

This allows the possibility for the home country to find out about the overseas business, property and investment assets.  This could add a 40% inheritance tax bill to an estate.

In 2017 the bar is raised further, as automatic exchange of information means any financial transaction, including property purchase or sales, probate administration or tax return is reported to the home country.

Now every Expat must review their use of Wills and Trust to protect overseas property, business and investments in line with the new legislation and automatic exchange of information rules.

Read the Full Article for More detail and 8 Reason to Use Wills and Trusts to Protect Overseas Assets

3 Reasons to Review Expat Tax & Pensions

3 Reasons to Review Expat Tax & Pensions

TUESDAY TAX BLOG; ProACT Sam Orgill at Changes to Tax Laws that means there are 3 Reasons to Review Expat Tax & Pensions

Living With a Paradise Paper

If you are Living and Working Abroad in Paradise there may be a piece of paper on its way to you.

Big changes to Tax and Pension for Expats means the Tax Man in your home country and your country of residence may be sending you a letter or a tax demand in the next few months.

 

Deadlines for Tax Returns & Rebates for Expats in Cyprus and UK

Deadlines for Tax Returns & Rebates for Expats in Cyprus and UK

Tuesday Tax Blog: This Week Deadlines for Tax returns & Rebates for Expats in Cyprus and UK

Cyprus Temporary Tax Returns & Payments are now due. 

UK tax returns and  rebates for tax paid in the UK in 2016/17 can now be reclaimed.  

Are you certain your tax affairs will stand the scrutiny of Exchange of information ?

ProACT Sam Orgill  has written a free guide for Expats to download explaining the new risks from the taxman, follow the link to download:

Assessing the Risk - How the Tax man Shares Your Information

Click to Read Full article  

Where will Exchange Rates Go for Expats in the Coming Months?

Where will Exchange Rates Go for Expats in the Coming Months?

Monday Money Blog Examines the potential impact of a Rise in UK Interest Rates before the November 2017 Budget, and

Reveals 6 Benefits for Expats from Higher UK Exchange Rates v Euro

ProACT Sam Orgill Tax Saving Expat Experts

The EU Brexit Vote has hit British Expats Living and Working in the EU hard. The day after the Brexit vote on 24/6/2016 Sterling fell sharply from £1=Euro1.30 so by the end of October 2017 the Pound is trading at £1.00 = Euro 1.13 , a mighty fall of nearly 15% in 16 months.

This affects how many Euros to spend have UK expats living in euro land, or the £ Sterling back taken home after the sale of Euro-land overseas property. Here we look and the background and reveal:- 

6 Benefits for Expats from Higher UK Exchange Rates v Euro

5 Things to Plan for the UK Budget Tax Changes

5 Things to Plan for the UK Budget Tax Changes

EU Brexit for Expats - 5 Things to Plan for the UK Budget Tax Changes

ProACT Sam Orgill of www.proactpartnership.com Tax Saving Expat Experts

Everything’s the same in the UK. Same Chancellor, same prime minister, same tax year. 

Then everything is different – the UK Budget date has been changed, from Spring to Autumn, (March to November), the UK government has lost its majority, the EU have turned up the heat on EU Brexit, politicians are feeling the heat from the opposition and unions, inflation is rising, people are being squeezed financially.

Click Here to Read 5 Things to plan for EU Brexit for Expats connected to the UK Budget and tax changes ahead.

2 Ways to Reclaim Tax on Cyprus Property

2 Ways to Reclaim Tax on Cyprus Property

 Have you got your title deeds finally in the last two years but paid more in transfer taxes than you planned ?

Have you sold a Cyprus Property and paid more capital gains on a valuation that didn’t match up?

Was your Immovable Property Tax bill very high?

The ProACT Tax Saving Expat Experts see this issue every week.

We Recently Saved a Client €3500 Capital Gains Tax

5 Must Do Actions to Review Your Money, Business and Property Overseas

5 Must Do Actions to Review Your Money, Business and Property Overseas

Have you had problems with banks closing account on you over the last year?  Have you had to supply new name, address, ID and tax reference number proof to banks and investment companies?  Are your rental agents getting restless about an overseas landlord registration number? Has a bank turned down a request to open a new bank account?

Many things have changed in the last year.  ProACT Sam has produce a Free Guide and we office a Free review for Expats Living and Working Abroad or Overseas Property and Business Investors.

Free Download Click Here for 'How Banks and the Tax Man Share Your Financial Information'

We offer a Free Review Online or at our UK or Cyprus Office - Click Here Contact Us to Book

 

5 Top Low Tax Options for Expats

5 Top Low Tax Options for Expats

Tuesday Tax: Tax Won’t Change With Brexit UK-Cyprus

5 Top Low Tax Options for Expats Living and Working Abroad

The UK and Cyprus have had a personal and business double taxation treaty since 1974. This will not change after Brexit nor impact on personal or business tax arrangements. Double taxation treaties exist with countries as diverse as Albania and Algeria to Zambia and Vietnam.