Reviewing the tax residency rules of other countries is of vital importance when undertaking any form of international tax planning for individuals. Below we have prepared a very basic summary of the residency rules of a number of countries just as an illustration as to some of the factors to consider if you were to change residency. This is of particular importance for any individual planning to move to Gibraltar as a Category 2 resident from any of these countries.
The tables are just a brief overview of the tax residency rules, if you need further help or formal tax advice with regards to your country of residency please do not hesitate to contact us: info@category2.com.
U.K
Tax Year | 5th April to following 6th April |
Tax residency rules |
|
Tax liability of residents | Generally on a worldwide, arising basis |
Tax liability of non residents | Generally on a local basis (not for CGT) |
Double Tax Treaties | Yes, extensive treaty network |
Ireland
Tax Year | 1st January to 31st December |
Tax residency rules |
|
Tax liability of residents | Generally on a worldwide, arising basis |
Tax liability of non residents | Generally on a local basis |
Double Tax Treaties | Yes, extensive treaty network |
France
Tax Year | 1st January to 31st December |
Tax residency rules |
|
Tax liability of residents | Generally on a worldwide, arising basis |
Tax liability of non residents | Generally on a local basis |
Double Tax Treaties | Yes, extensive treaty network |
Italy
Tax Year | 1st January to 31st December |
Tax residency rules |
|
Tax liability of residents | Generally on a worldwide, arising basis |
Tax liability of non residents | Generally on a local basis |
Double Tax Treaties | Yes, extensive treaty network |
Germany
Tax Year | 1st January to 31st December |
Tax residency rules |
|
Tax liability of residents | Generally on a worldwide, arising basis |
Tax liability of non residents | Generally on a local basis |
Double Tax Treaties | Yes, extensive treaty network |
Holland
Tax Year | 1st January to 31st December |
Tax residency rules |
|
Tax liability of residents | Generally on a worldwide, arising basis |
Tax liability of non residents | Generally on a local basis |
Double Tax Treaties | Yes, extensive treaty network |
Sweden
Tax Year | 1st January to 31st December |
Tax residency rules |
|
Tax liability of residents | Generally on a worldwide, arising basis |
Tax liability of non residents | Generally on a local basis |
Double Tax Treaties | Yes, extensive treaty network |