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| Name | [ Offshore Tax ] How does Ireland know if someone is a tax resident? |
| Video Uploader | Video From Offshore Tax with HTJ Tax |
| Upload Date | This Video Uploaded At 12-09-2022 09:36:22 |
| Video Discription | How does Ireland know if someone is a tax resident? Join the waitlist for the NOMAD OFFSHORE SUMMIT ⬇️ ⬇️ https://htj.tax/nomad-offshore-summit-2023/ You are resident in Ireland for tax purposes if you are present in Ireland for: 183 days or more in a tax year. or. 280 days or more in total, taking the current tax year plus the preceding tax year together. -------------------------------------------------- OUR CHANNEL OFFERS: - Updated daily, we help 6, 7 and 8 figure International Entrepreneurs, Expats, Digital Nomads and Investors legally minimize their global tax burden and protect their wealth. - Join Amazon best-selling author, Derren Joseph, in exploring the offshore financial world. SUBSCRIBE TO OUR CHANNEL FOR MORE FREE INFORMATION: https://www.youtube.com/c/TaxesforInternationalEntrepreneursandExpats?sub_confirmation=1 -------------------------------------------------- WATCH OTHER VIDEOS: https://youtu.be/DGAnFCsQ_Lg https://youtu.be/SSd1BFyH8Ss https://youtu.be/3kvARTVLoUs -------------------------------------------------- Here are 4 ways we can help you: SIGN UP for free webinars on US Expat Taxes and International Entrepreneur Taxes: https://htj.tax/events/ STREAM premium educational videos: https://htj.tax/youtube/ CONTACT us for tax optimization consults over Zoom: https://www.htj.tax/contact/ High Net Worth? We can QUOTE for doing your "US-International" tax returns. FOR MORE DETAILS, CONNECT WITH US: ✉ Contact us on help@advancedamericantax.com -------------------------------------------------- FOLLOW US ON: 🌍 Check our website: https://htj.tax/ 🎙️ Listen to our podcast: https://podcast.htj.tax/ 📸 Add us on Instagram: https://www.instagram.com/htj.tax/ 🐦 Add us on Twitter: https://twitter.com/derren43/ 📕 Add us on Facebook: https://www.facebook.com/htj.tax 💼 Contact Derren on LinkedIn: https://www.linkedin.com/in/derren-joseph-ea-0345332/ DERREN JOSEPH How does, and, again, you cover this in, in your presentation as well? DAMIEN: Yeah. We, we covered what I would say Derren just, and what's always, yeah. What people sometimes don't realize is it's actually a self-assessed process. So it's not like the tax office tells you, this is where your tax Resident it's up to you. Right. Essentially to self-assess. And what, obviously happens in practice is you do it in conjunction, which is, which are accountants and your tax advisor as to where you are tax Resident. So we, we would have liked the Irish authorities would have for obviously some of our higher earning taxpayers that are, you know, Irish citizens that are with that, that has a, a department that would monitor their movements. So if, if it is, if it is a case that someone would quite significant levels of income and means they would generally maintain some sort of travel record as to where they spend their days over the course of a year. And that's typically the type of evidence that would be required in the event of a query raised by the tax office. So you would typically Excel spreadsheet, but it's, it's a self it's declaration process on your tax return. There's a sequence of questions that your tax advisor will answer on your behalf. One of those being, you know, are you, Resident, in the, in the, in the current year, same with, are you an early Resident and are you an Irish domicile? If it's a case you're not an Irish domicile, you have to, you have to declare where you are a national, and if it's a case you're not actually a, a tax Resident in Ireland, Ireland, you now have to declare where you are actually a tax Resident and what your local tax reference number is in that jurisdiction if you're filing an Irish tax return. So it has become a lot more comprehensive over the years. The extent of the information that's required on the annual tax return filing in Ireland. DERREN JOSEPH: Yeah. Okay. So this was the following question, which was around, how does someone register as being non-domiciled? DAMIEN: It's the very same process. So in practice, what you do is you take the, or you say no on the, on the tax return, and that's the extent of it. And it's only then if it's a case down the road, if something happens in the tax office, you know, profile you or get information on your circumstances and decide to, to, to query this or challenge you on it, that you get into a whole sort of tobacco then is to try to substantiate the declaration that you've made on your tax return about your domicile status. #taxresident #taxesIreland #ireland #HTJpodcast #internationaltax #taxplanning #taxes #internationalbusiness #offshore #expats #investors #offshorecitizen #nomadcapitalist #flagtheory #InternationalEntrepreneur #irs #offshorebanking #ibc #offshorecompany |
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