Tax on income made abroad

C

chippey

Guest
I was just wondering can anyone help me. I will be working in Dubai for a year or so and am wondering will I need to pay any tax on earnings if i bring it home when i move back.

Cheers
 
Not if you were not resident and the money you bring back was all earned in the period.
 
If you remain resident in Ireland for the relevant tax years you will be liable to tax on the income earned in those years whether you bring it back or not.

Your residence situation will depend on the number of days in the tax year you are present in Ireland.
 
So this will depend on the dates you leave Ireland and return, as our tax year runs from Jan 1st to Dec 31st. Would you be self-employed or an employee?
 
I will be an employee. Does this mean that as i will be in Ireland for over half the tax year i am liable to pay tax on my earnings from over there here...even if i dont come home in this tax year. And just wondering how many days do i need to be out of the country to not pay tax on the money i bring home.....if any..??Cheers for help..just trying to see if really worth it
 
You will be resident in a tax year if you spend 183 days in Ireland in a tax year, or 280 in total in a tax year and the previous tax year.

Therefore your timing of leaving and returning to Ireland is important.

However, in respect of employment income, if you leave Ireland with the intention not to be resident in the following tax year, you will be considered to be non-resident from the date you leave (if you actually do become non-resident).

So, you really need to stay out for a full tax year - go in 2009, and return in 2011, but you need to count the relevant days to make sure that you actually do break residence.
 
Does one have to inform revenue that they are a non-resident?

How does being a non-resident affect mortage tax relief?

Thanks
 
I Believe Revenue allow a concession that if you leave Ireland during a year and will be out the full next year they will treat you as non resident for all the time you have out side Ireland. You should be able to confirm this on the Revenue concessions published under the freedom of Information act.

As Self assessment asapplies no you do not have to inform revenue when you are leaving.
 
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