Could Portugal be overtaking Spain as the new hotspot for British expats? In this article, Amy Heslop of Global Expatriate Tax Services Ltd discusses the many benefits of moving to Portugal, including the new tax incentives for non-habitual residents. Portugal’s popularity increasing unabated The Portuguese have a phrase ‘Engolir Sapos’, which directly translated means to … Read more
New report on salaries in Vietnam Recruitment firm Navigos Search has published a Q1 report on expat salaries in Vietnam, suggesting that Vietnamese firms are offering ‘very high salaries’ to attract foreign talent. Monthly expat salaries ranged from US$8,500 to $34,000 in the first quarter of this year, in sectors ranging from tourism and hospitality … Read more
Are you a foreign national in the UK who owns cryptocurrency? Do you understand the tax implications? In this article, Expat Focus partner and Founder of Global Expatriate Tax Services Limited, Oliver Heslop, looks at key issues to be aware of so you stay on the right side of HMRC. Millions of British taxpayers, including … Read more
Sri Lankan financial crisis The economic crisis in Sri Lanka has been going on for some time, as the country struggles with Asia’s highest rate of inflation. The government has now appealed to the IMF for assistance, and a support plan has been proposed. This is partially a result of the invasion of Ukraine. Tourists … Read more
Has the Ukraine crisis caused a ‘black swan’ event? Some financial commentators have referred to the Russian invasion of Ukraine, with its corresponding geopolitical impact and spike in energy prices, as a ‘black swan’ event. However, others, including Market Watch, say that the term is being misapplied – not everything that hits the stock market … Read more
International Living’s Global Retirement Index International Living’s Global Retirement Index for 2021 gives some up-to-date information on the best retirement destinations for expats. Top of the list in terms of cost of living is Vietnam, which has recently seen a drop in rents (an apartment in Hoi An, for instance, costs on average £220 per … Read more
US expats face double taxation threat American tax specialists in the UK have highlighted a potential issue for US expats lurking in President Biden’s Build Back Better bill, if it is passed as currently written. Countries such as the UK, India, Australia and New Zealand, which have a tax year that is not in sync … Read more
DeVere comes under fire for ‘loss of expats’ money’ Financial firm deVere is in the spotlight this month for allegedly losing large quantities of expats’ money. Wealthy expats, NHS staff working abroad, and expats working for construction companies all say that they took tax advice from the firm after receiving a number of cold calls. … Read more
Covid-19 has caused the UK Government to re-examine pension finances and to roll out certain reforms. These types of reforms, aimed at reducing costs, were inevitable in most European economies. In this article, we will look at four key topics: The UK Government’s new formular for paying out state pensions The freeze on the lifetime … Read more
Are you a British expat moving to or living in Indonesia or Thailand? Do you understand how the tax system works, and what reliefs are available? We are delighted to share with you a new video from Expat Focus partner and Founder of Global Expatriate Tax Services (GETS), Oliver Heslop, offering tax advice for expats … Read more