Overstay

Don’t overstay in your holiday city: working there changes your tax landscape, too.  Work income is taxed in the country where you work + your worldwide income is also taxed in the country where you usually reside.  If you’re a manager, your firm’s profits could also get taxed in the holiday city.  Pre-Covid19, UK could consider a visitor tax-resident after just 46 days!  Work from home, not from holiday home

Guessed the Word?                   Series 62 (4/5)               pic: zsolt hollosi