Expat Taxes

Irish Professionals Abroad

In light of the Covid-19 pandemic, there has been a shift in the manner and location where employees fulfil their work responsibilities. At Global Workforce Taxes, we collaborate with numerous clients who have relocated overseas to work remotely for an Irish employer.

Various tax aspects to examine include:

• Impact on the taxpayer’s Irish tax residency status;
• Responsibility to pay Irish income tax on employment earnings and other income/profits;
• Double Tax considerations (i.e., does both Ireland and your new location aim to tax your income?);
• Social security considerations (e.g., which country should you contribute to social security in)
  Pension considerations; and
• Matters for your employer to assess (we can separately advise your employer on these if necessary).

Small Business Proprietors Relocating to Ireland

If you’re a small business proprietor (sole trader) moving to Ireland, we can provide tax advisory services to help you ascertain:

• Your Irish tax liability concerning your income;
• The process of claiming all available reliefs and exemptions to minimise your Irish tax obligation; and
• The method and timeline for registering for income tax and VAT.
  

Non-Irish Domiciled Individuals

Foreign domiciled individuals qualify for the remittance basis of taxation in Ireland, which means that foreign earnings and gains aren’t taxed in Ireland unless they are brought into the country. This allows foreign domiciled individuals to organise their affairs efficiently to maximise the advantages of this taxation method.

We can offer assistance in the following ways:

• Explaining the concept of ‘domicile’ and its application in your situation;
• Assessing your portfolio to ensure it is structured appropriately to fully benefit from the remittance basis of taxation; and
• Clarifying the various rules pertaining to what constitutes a ‘remittance’ as defined in Irish legislation.