Interdean Investigates New Tax Regimes for Expats in Europe

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The overseas moving specialists at Interdean have urged expats to consider the tax implications of moving to a new country, as a new report highlights substantial differences between tax systems in Europe.

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...in Europe alone there are significant variations in tax regimes...

It has been reported in Expat Forum that The Global Opportunities Report, from BDO, a UK based accountancy network, shows that in Europe alone there are significant variations in tax regimes. Cyprus, for example is known for its low income tax rates, where countries like the UK or Denmark are known for relatively high tax rates, but on the other hand may have tax incentives or benefits that are not so widely known. Other jurisdictions such as Gibraltar are popular for tax advantages such as capped income tax, with no inheritance tax or capital gains tax. The news comes despite a global move towards the sharing of tax information.

As well as a wide range of practical moving services such as international storage solutions, packing, shipping and pet relocation, Interdean are noted for their money transfer services. Thanks to their partnership with HiFX, expats can look forward to safe and secure financial transfers. With a deep understanding of the financial requirements of moving overseas, a representative from the firm shares their thoughts on the topic.

“This research stresses the importance of thinking about what might be considered the more 'sensible' aspects of relocating abroad. It’s something that could have a significant impact on your overall financial welfare. At Interdean we offer customers a valuable tax back service, which allows those leaving the country to see whether they could be owed tax because they didn’t work the full tax year, or were on an emergency tax code for example.”

Thinking of Moving? Think Interdean

Interdean helps families, expats, backpackers, travellers and students moving overseas. Established in 1959, Interdean provides moving, storage, shipping air freight, excess baggage, visa and immigration, and full overseas relocation services to worldwide destinations. Interdean is FIDI FAIM PLUS accredited and has over 123 offices worldwide.

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Ampreet Sandhu
Interdean
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