If you go overseas to work you will always have to take into account your potential tax liability in Ireland and the country where you are working.
You will need to establish whether or not you will remain resident for tax purposes in Ireland throughout the time that you are working overseas.
Your residency status will determine whether or not you have income tax to pay in Ireland. There are various reliefs available including foreign earnings deduction; cross border relief; treaty relief; shift-year relief.
Quite often you will be entitled to claim travelling and subsistence allowances. The whole area of working overseas, your residency status, and the reliefs available is very complex and specialist tax advice should always be obtained in advance of taking the overseas assignment.
It is beyond the scope of this guide to cover these areas in detail. For more detailed information on this please contact OSK.
OSK Contracting provide quality and professional business advice to indigenous Irish businesses. Our clients include government bodies; multi-national groups; PLCs; SMEs and sole traders but we specialise in progressive indigenous Irish family owned businesses.
Reprinted with kind permission by OSK Contracting www.osk.ie
Phone: 01 439 4200 East Point Plaza East Point Dublin 3
