You need to know about the Foreign Tax Credit for digital nomads if you are a US taxpayer. As a US citizen or resident, you will keep on paying taxes to the Internal Revenue Service (IRS) even after you leave the country. To soften the blow, the legislation provides for certain exemptions and deductions. The […]
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The Foreign Earned Income Exclusion for digital nomads raises many questions. If you are a US citizen, you owe taxes to the US even if you don’t live in the country anymore. Only the US and the African country of Eritrea apply this so called citizenship based taxation. In all other countries you can basically
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As an Australian digital nomad taxes are something to be concerned about. One of the things you need to know about is the new tax ruling that the Australian Tax Office (ATO). This ruling could shake up your (tax)world. It could mean you’ll pay taxes in Australia even if you don’t live there anymore. New
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VAT for digital nomads is an attention point for you if you are a freelancer. More and more people embrace the digital nomad lifestyle. Therefore, it’s important to understand the tax implications of working remotely. One area that digital nomads need to be aware of is Value Added Tax (VAT). In this article, we’ll take
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Albania is one of the countries that welcome digital nomads with open arms. The country now has its own digital nomad visa (Type D visa). This visa allows remote workers to live and work in Albania for up to one year. In this article we will delve into the requirements and the application process for
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Tax residency in Serbia for digital nomads is something people question me about from time to time. Serbia is situated in South-eastern Europe / the Balkans. In the past, Serbia was part of the Republic of Yugoslavia. Up till 2006 Serbia and Montenegro still formed a union. As from that moment, Serbia became a fully
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What expenses can I deduct from my taxes as a digital nomad? An important question to ask yourself if you want to limit your tax burden. Therefore, we’ll have a look at different digital nomad tax deductions. As a digital nomad, keeping track of your expenses is crucial for monitoring your cash flow and maximizing
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The Beckham Law Spain, named after the famous English footballer David Beckham, is a tax regulation that has enticed numerous international athletes, professionals, and celebrities to make Spain their new home. However, digital nomads can also benefit from this tax regime. Introduced in 2005, this legislation offers significant tax advantages to those who qualify. It
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‘Are there any tax treaties or agreements that could affect my tax liability as a digital nomad?’ is a question that pops up regularly. As a digital nomad you are operating in an international context. This also means you need to navigate the tax laws and regulations of multiple countries and it can be challenging.
Tax residency in Montenegro for digital nomads is definitely something to think about if you like to spend time at the Mediterranean coast. More and more tourists start to explore cities like Kotor and Budva. Also amongst nomads, Montenegro becomes a more popular hotspot. Living in Montenegro Montenegro is a candidate to become part of
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Traveling constantly without a permanent address can make filing taxes a complicated process. You probably wonder how to file taxes when constantly traveling without a permanent address. This comprehensive guide helps you navigate the process, regardless of your country of residence. How To File Taxes When Constantly Traveling Without A Permanent Address If you’re a
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Territorial taxation vs worldwide taxation is an important concept for digital nomads to understand. Getting a better understanding can help you in your tax planning and avoid expensive mistakes. Worldwide Taxation Most (Western) countries apply the concept of worldwide taxation (1). This means that you need to declare all your income, irrespective if it originates
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Obtaining tax residency in Dubai for digital nomads might not be as easy as you might think! Dubai, the dazzling city located in the United Arab Emirates (UAE), is a thriving hub for digital nomads and entrepreneurs. With its remarkable skyline, luxurious shopping, and vibrant nightlife, Dubai is a sought-after destination for both business and
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How do I determine my taxable income as a digital nomad? Is a question you will run into if you are thinking about your tax setup as a digital nomad. As a digital nomad, you have the freedom to work from anywhere in the world. Yet, with this flexibility comes the responsibility of managing your
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Do I need to pay taxes in my home country, my country of residence, or both? This is one of the questions I see popping up a lot within digital nomad communities. The rise of digital nomadism has revolutionized the way people work and travel. With the raise of remote work, you can now live
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Europe vs European Union vs Schengen Area are three terms that are often used interchangeably. However, they actually refer to different concepts. Unfortunately, many digital nomads mix them up. Therefore, I decided to dedicate an article to their differences and similarities. They all have to do with Europe in some way. Nevertheless, they represent different
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I’m a tax advisor. This basically means that a lot of times I help digital nomads optimize their tax setup. This eventually leads to a lower tax burden. Some people are of the opinion that this means that you are not paying your fair share and are not contributing to society as you should. I
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Tax residency in Albania for digital nomads is something to consider if you fell in love with this unspoiled Balkan country or if you look for optimizing your tax planning. Albania had the highest increase in stays in the entire continent last year (2022), shortly followed by Serbia (21.3%). The other top five entries are
Tax Residency in Albania for Digital Nomads: 0% Taxes? Read More »
Personal income tax vs corporate income tax is the distinction we need to make if we speak about income taxes. So, you have personal income tax on the one hand and corporate income tax on the other hand. The application of each of them differs depending on your situation. Their respective names already suggest what
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Setting up as a freelancer in Portugal is something that you should know about as a digital nomad. A lot of digital nomads fall in love with Portugal. Some like the city of Lisbon, others spend their time in the Algarve. Some other even go on a trip into the Atlantic Ocean to the Azores
Freelancer in Portugal: Simplified Tax Regime & Tax Cuts Read More »
The concepts of citizenship vs residence vs tax residence are a lot of time intermingled. Therefore, they lead to a lot of confusion and misunderstanding. For that reason, I want to clarify this and help any misunderstandings out of the world. Citizenship Citizenship refers to the country you are a citizen of. Or, in other
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You should consider tax residency in Czech for digital nomads if you plan to spend a decent amount of time in the country. You might want to move to the buzzing city of Prague or explore some of the countryside of the Czech Republic. In any case, you should think about the tax consequences this
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Tax Residency in France for Digital Nomads is something to pay attention to if you love la douce France. The south of France is a favourite holiday destination for many people as it has hot summers and a nice moderate climate the rest of the year. Or you might like the isolated French country side.
Tax Residency in France for Digital Nomads: Death and Taxes Read More »
You can set up a company as a digital nomad for many reasons. In this article, we will take a deeper look into the reasons why you should think about setting up a company as a digital nomad. At the same time, I will also show there are some misunderstandings about setting up a company.
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