4 ms·

No. I am not American. And I do not fully understand. I will anyways be charged in my home country for foreign income, I think.

otoburb 10y ago
>>I will anyways be charged in my home country for foreign income, I think. For most countries in the world if you are not considered a resident then you usually are not taxed on foreign income. A counterexample is the USA, as Americans are taxed based on citizenship, and not residency[1]. This is a complicated but important topic. Consulting an accountant is your best option for your taxes. Visas depend entirely on the countries that you intend to stay in. If you're only staying for 2-3 months at a time, it seems likely you will trigger any residency issues so perhaps visitor visas will be sufficient. However, another variable dominating ease of visa issuance is your passport/nationality[2]. I'm not a lawyer, and visas are easy to mess up and cause issues without careful planning, research and sometimes consultation with immigration attorneys (or at least discussing with the embassies/consulates of the countries you intend to rotate through). Best of luck! [1] https://en.wikipedia.org/wiki/International_taxation#Citizenship https://en.wikipedia.org/wiki/International_taxation#Citizen... [2] https://www.passportindex.org/byRank.php https://www.passportindex.org/byRank.php
- eloisant 10y ago
  Indeed, the rule of thumb is that you're taxed in your country of residency. Even US citizens get taxed in the country of residency, except that they need to do a US federal tax return in addition to their local tax return. The get a tax credit of whatever they paid in their residency country, so most of the time they don't have to pay any US taxes. Of course to declare a job in your residency country you'll need a work visa, and I think it will be very difficult (impossible?) to obtain one in most countries if you don't have a local job. Long story short, I think people working abroad remotely with a company in their home country are either (1) on a spouse visa of (2) breaking the immigration laws of their residency country.
cs02rm0 10y ago
Not always. A pilot in France who's British but lives in France, is paid in the UK by the airline, tells me he pays income tax in the UK based on flying time in UK airspace (not much, he flies long haul, though he's restricted on the number of days he spends in the UK before they'd take it all). The Maire where he lives doesn't require him to pay income tax, I don't know why but presume it's because they consider the tax to be paid in the UK.
cashmonkey85 10y ago
You won't have to pay tax in your home country. Unless you spend a significant about of time there to be considered a tax resident
- JshWright 10y ago
  Doesn't that depend on the tax laws of their home country?
  - fooster 10y ago
    It certainly does! In Canada, for example, you have to be a resident _somewhere_. So you cannot just move around from country to country on tourist visas (which obviously do not permit you to declare residency) and claim to the Canadian Tax authorities that you are a non-resident and avoid paying all taxes.
    - gavinward 10y ago
      Indeed. In Europe Monaco is a popular place for very rich people to (pretend to) live due to the lack of income tax. You are restricted in how long you can spend in other countries before being deemed to be domiciled there for tax purposes. In Ireland and I think the UK also, it's 183 days a year. And they do occasionally check, if you're rich enough.
masklinn 10y ago
> No. I am not American. And I do not fully understand. American citizens are taxed on their worldwide income by the US regardless of their place of residence. There's a standard taxable income reduction (the Foreign Earned Income Exclusion) but they still have to file taxes no matter where they live. > I will anyways be charged in my home country for foreign income, I think. Most places work on the residence principle (following OECD/UN model convention), there's a country of which you are resident (which may be different from your citizenship one, I'm not sure which you meant by "home country") and you pay income taxes in that country. You probably want to talk to the tax authorities and an accountant either way.
- salesguy222 10y ago
  to add additional info, americans are taxed on income above 100k roughly per year that is earned from abroad. so if you are having above average success and you are making 200k per year abroad, then you will have a taxable income of 100k (roughly 19% effective rate) If you are earning income from a US based source, such as payroll earnings from a US company, I believe you will be taxed in full, federal, state, medicare, social security. That's about 30% on 100k income if you are unmarried I don't know how it works if you want to try to persuade the IRS that even though you are working for a US company with a W2 that lists a US address, you are "not living in the US". Maybe you could get away with it, but technically your company would have some legal problems for not getting you the right visas to "work" in a foreign country As an American, i'd say its easier just to pay us tax and hop around on tourist visas
  - nodamage 10y ago
    For purposes of the FEIE, whether you are being paid by a US company or a foreign company is irrelevant. As long as you qualify for the FEIE under the physical presence test (more common) or the bona-fide residence test (less common), you can claim the FEIE, even if you are working for a US company and the money is being deposited into your US bank account. Source: https://www.irs.gov/individuals/international-taxpayers/foreign-earned-income-exclusion-what-is-foreign-earned-income https://www.irs.gov/individuals/international-taxpayers/fore... If you receive a W-2 you'll continue to pay your half of the Medicare and Social Security taxes. Federal gives you an exclusion of ~$100k, you may or may not owe state tax depending on the non-residency rules for that state, or if your state does not have income tax.

otoburb 10y ago

>>I will anyways be charged in my home country for foreign income, I think. For most countries in the world if you are not considered a resident then you usually are not taxed on foreign income. A counterexample is the USA, as Americans are taxed based on citizenship, and not residency[1]. This is a complicated but important topic. Consulting an accountant is your best option for your taxes. Visas depend entirely on the countries that you intend to stay in. If you're only staying for 2-3 months at a time, it seems likely you will trigger any residency issues so perhaps visitor visas will be sufficient. However, another variable dominating ease of visa issuance is your passport/nationality[2]. I'm not a lawyer, and visas are easy to mess up and cause issues without careful planning, research and sometimes consultation with immigration attorneys (or at least discussing with the embassies/consulates of the countries you intend to rotate through). Best of luck! [1] https://en.wikipedia.org/wiki/International_taxation#Citizenship https://en.wikipedia.org/wiki/International_taxation#Citizen... [2] https://www.passportindex.org/byRank.php https://www.passportindex.org/byRank.php

eloisant 10y ago
Indeed, the rule of thumb is that you're taxed in your country of residency. Even US citizens get taxed in the country of residency, except that they need to do a US federal tax return in addition to their local tax return. The get a tax credit of whatever they paid in their residency country, so most of the time they don't have to pay any US taxes. Of course to declare a job in your residency country you'll need a work visa, and I think it will be very difficult (impossible?) to obtain one in most countries if you don't have a local job. Long story short, I think people working abroad remotely with a company in their home country are either (1) on a spouse visa of (2) breaking the immigration laws of their residency country.

cs02rm0 10y ago

Not always. A pilot in France who's British but lives in France, is paid in the UK by the airline, tells me he pays income tax in the UK based on flying time in UK airspace (not much, he flies long haul, though he's restricted on the number of days he spends in the UK before they'd take it all). The Maire where he lives doesn't require him to pay income tax, I don't know why but presume it's because they consider the tax to be paid in the UK.

cashmonkey85 10y ago

You won't have to pay tax in your home country. Unless you spend a significant about of time there to be considered a tax resident

JshWright 10y ago
Doesn't that depend on the tax laws of their home country?
- fooster 10y ago
  It certainly does! In Canada, for example, you have to be a resident _somewhere_. So you cannot just move around from country to country on tourist visas (which obviously do not permit you to declare residency) and claim to the Canadian Tax authorities that you are a non-resident and avoid paying all taxes.
  - gavinward 10y ago
    Indeed. In Europe Monaco is a popular place for very rich people to (pretend to) live due to the lack of income tax. You are restricted in how long you can spend in other countries before being deemed to be domiciled there for tax purposes. In Ireland and I think the UK also, it's 183 days a year. And they do occasionally check, if you're rich enough.

masklinn 10y ago

> No. I am not American. And I do not fully understand. American citizens are taxed on their worldwide income by the US regardless of their place of residence. There's a standard taxable income reduction (the Foreign Earned Income Exclusion) but they still have to file taxes no matter where they live. > I will anyways be charged in my home country for foreign income, I think. Most places work on the residence principle (following OECD/UN model convention), there's a country of which you are resident (which may be different from your citizenship one, I'm not sure which you meant by "home country") and you pay income taxes in that country. You probably want to talk to the tax authorities and an accountant either way.

salesguy222 10y ago
to add additional info, americans are taxed on income above 100k roughly per year that is earned from abroad. so if you are having above average success and you are making 200k per year abroad, then you will have a taxable income of 100k (roughly 19% effective rate) If you are earning income from a US based source, such as payroll earnings from a US company, I believe you will be taxed in full, federal, state, medicare, social security. That's about 30% on 100k income if you are unmarried I don't know how it works if you want to try to persuade the IRS that even though you are working for a US company with a W2 that lists a US address, you are "not living in the US". Maybe you could get away with it, but technically your company would have some legal problems for not getting you the right visas to "work" in a foreign country As an American, i'd say its easier just to pay us tax and hop around on tourist visas
- nodamage 10y ago
  For purposes of the FEIE, whether you are being paid by a US company or a foreign company is irrelevant. As long as you qualify for the FEIE under the physical presence test (more common) or the bona-fide residence test (less common), you can claim the FEIE, even if you are working for a US company and the money is being deposited into your US bank account. Source: https://www.irs.gov/individuals/international-taxpayers/foreign-earned-income-exclusion-what-is-foreign-earned-income https://www.irs.gov/individuals/international-taxpayers/fore... If you receive a W-2 you'll continue to pay your half of the Medicare and Social Security taxes. Federal gives you an exclusion of ~$100k, you may or may not owe state tax depending on the non-residency rules for that state, or if your state does not have income tax.