suitable_suit
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Knowing this forum isn’t a substitute for getting advised professionally, I just wanted to see anyone might have experienced the below and if they could suggest anything I might not be considering. I’ve not been able to see anything around here on returning from the Middle East & its tax implications.
The company I am in are offering various roles in their office in Bahrain. I am considering a move due to the zero tax in Bahrain. I’m trying to get my own high level understanding first of the tax before going to a practitioner with more detailed questions.
I’ve lived in Ireland for 35 years, I’d be ordinary resident & domiciled.
My income generated would be based on a Bahraini contract of employment & this would be allowed to be remitted to an Irish account avoiding tax.
Is there a minimum period that I must consider being out of the country for other than the 30 days per year? Is it possible you could terminate your contract with your employer 1 year or 2 into being away & because that income was earned on a contract and work performed in that country it would be exempt from Irish tax on re-entry & you could live happily ever after back under PAYE.
I’ve also wondered how all of those who are now returning in their late 20’s & 30’s in the likes of US / Australia after 1 or 2 years tax seems to not be a concern. That’s my loose basis of logic for the above point, which I am probably way off the mark with.
Appreciate any input from anyone who might have an experience on moving (especially if in Bahrain) or advise an experienced tax professional/practice who might deal with matters like this.
The company I am in are offering various roles in their office in Bahrain. I am considering a move due to the zero tax in Bahrain. I’m trying to get my own high level understanding first of the tax before going to a practitioner with more detailed questions.
I’ve lived in Ireland for 35 years, I’d be ordinary resident & domiciled.
My income generated would be based on a Bahraini contract of employment & this would be allowed to be remitted to an Irish account avoiding tax.
Is there a minimum period that I must consider being out of the country for other than the 30 days per year? Is it possible you could terminate your contract with your employer 1 year or 2 into being away & because that income was earned on a contract and work performed in that country it would be exempt from Irish tax on re-entry & you could live happily ever after back under PAYE.
I’ve also wondered how all of those who are now returning in their late 20’s & 30’s in the likes of US / Australia after 1 or 2 years tax seems to not be a concern. That’s my loose basis of logic for the above point, which I am probably way off the mark with.
Appreciate any input from anyone who might have an experience on moving (especially if in Bahrain) or advise an experienced tax professional/practice who might deal with matters like this.