Assume that this is not a wannabee, but someone who, for example, already has a solid job offer from an EU country, and some cash for the relocation.
Assume that this is not a wannabee, but someone who, for example, already has a solid job offer from an EU country, and some cash for the relocation.
This is a complicated tax situation. Taxes on salary tend to be based on place of employment. So if you’re working for a US company you’ll need to look into what tax treaties your country of residence has with the US, because your US employer will likely have to withhold taxes and provide a W2. Your host country will ask that you report your income. If the treaty allows, you can claim tax paid in the US as a credit. The reverse is often true in these treaties.
This will often have consequences with things like pensions, Holiday pay, etc… For example, if your country has a lot of mandated vacation you may either not have that benefit, or your company will have to conform to the country’s rules which could cause friction, especially with American companies.
Yeah the company I work for is unlimited pto and it’s the UK so i can deduct my UK tax from my usa tax. The weird part of not having an uk income. But die to having dual citizenship i don’t need to show an income for immigration.
Cool! Just file your tax extension by april 15 if the automatic 2 month extension is even slightly inconvenient or pushing the UK’s tax return provision date… It’s no questions asked and gives you until October.
The FBAR is also super easy if not slightly tedious depending on your foreign banking situation’s complexity.