The UK Labour government's recent announcement on modifying the non-domiciled (non-dom) tax status has generated significant debate and concern. The changes aim to scrap the remittance basis of taxation and replace it with a more residence-based system, impacting the tax privileges of wealthy individuals residing in the UK without being domiciled there.

As remote working becomes more prevalent, understanding the various ways to manage taxes and residency is crucial. The choice of where to live and work remotely often comes down to personal lifestyle preferences and the tax benefits offered by different countries. Here, we explore several countries that are attractive for remote workers, focusing on their residency requirements and tax implications.

For the past two decades, we have witnessed an unrelenting rise in taxes across all sectors. Governments have consistently found reasons and excuses to justify these increases, burdening citizens with a growing financial load.

Instruct ProACT today to minimise your taxes in Cyprus & file your return on time.