Accounting & Tax
Managing your tax affairs properly can be challenging and take up a lot of your time. If you live overseas, travel between different countries around the world, or are planning to relocate to a country like New Zealand in the future, the process can be even more complicated.
Different tax laws, rules and regulations in other countries mean it is essential your tax returns are managed and filed properly, so you avoid overpaying tax or any penalties you might face.
What does global tax management involve?
Identifying where you are a tax resident and where tax is payable on your assets or income are the first steps in managing international tax liabilities.
Generally, the type of assets you own (including businesses, properties or investments) or different sources of income (employment, rental or pension funds for example) must be factored in to any tax returns you complete. In addition, there are different types of tax you could be assessed for, including income, capital gains, corporation or inheritance tax.
The different processes for managing accounting and tax in other countries are complicated and can be difficult to follow. We recommend asking for professional advice from qualified advisers at bdhSterling to make sure you understand your liabilities and are following the various rules and regulations.
To find out more about the tax and accounting issues you may face either in the UK or overseas, contact us at firstname.lastname@example.org and speak to one of our tax experts today.