With constant travel, is it possible to not have a tax residence?
Clash Royale CLAN TAG#URR8PPP
We're in the EU (EU passports) and planning on spending the next couple years traveling. Income is coming through a company I have set in a country I was never a resident of.
The only taxes I'm normally liable for is my personal income, at my place of residence.
During the travel period, we will not stay longer than 2-3 month in a specific country, therefore we don't establish tax residence in any of them.
In that situation, can I avoid paying income tax during that time?
taxes income-tax european-union tax-residency
edited Feb 16 at 16:47
Rodrigo de Azevedo
450517
asked Feb 16 at 16:01
ThomasThomas
1634
add a comment |
We're in the EU (EU passports) and planning on spending the next couple years traveling. Income is coming through a company I have set in a country I was never a resident of.
The only taxes I'm normally liable for is my personal income, at my place of residence.
During the travel period, we will not stay longer than 2-3 month in a specific country, therefore we don't establish tax residence in any of them.
In that situation, can I avoid paying income tax during that time?
taxes income-tax european-union tax-residency
edited Feb 16 at 16:47
Rodrigo de Azevedo
450517
asked Feb 16 at 16:01
ThomasThomas
1634
that's my plan too... thanks for asking it!
– Aganju
Feb 16 at 16:10
2
en.wikipedia.org/wiki/Perpetual_traveler
– TomTom
Feb 16 at 17:07
6
I think in general, most jurisdictions consider that once you have established residency, residency is maintained by not establishing a residency elsewhere, not by continued presence.
– chepner
Feb 16 at 19:00
add a comment |
We're in the EU (EU passports) and planning on spending the next couple years traveling. Income is coming through a company I have set in a country I was never a resident of.
The only taxes I'm normally liable for is my personal income, at my place of residence.
During the travel period, we will not stay longer than 2-3 month in a specific country, therefore we don't establish tax residence in any of them.
In that situation, can I avoid paying income tax during that time?
taxes income-tax european-union tax-residency
edited Feb 16 at 16:47
Rodrigo de Azevedo
450517
asked Feb 16 at 16:01
ThomasThomas
1634
We're in the EU (EU passports) and planning on spending the next couple years traveling. Income is coming through a company I have set in a country I was never a resident of.
The only taxes I'm normally liable for is my personal income, at my place of residence.
During the travel period, we will not stay longer than 2-3 month in a specific country, therefore we don't establish tax residence in any of them.
In that situation, can I avoid paying income tax during that time?
taxes income-tax european-union tax-residency
taxes income-tax european-union tax-residency
edited Feb 16 at 16:47
Rodrigo de Azevedo
450517
asked Feb 16 at 16:01
ThomasThomas
1634
edited Feb 16 at 16:47
Rodrigo de Azevedo
450517
asked Feb 16 at 16:01
ThomasThomas
1634
edited Feb 16 at 16:47
Rodrigo de Azevedo
450517
edited Feb 16 at 16:47
Rodrigo de Azevedo
450517
edited Feb 16 at 16:47
Rodrigo de Azevedo
450517
450517
asked Feb 16 at 16:01
ThomasThomas
1634
asked Feb 16 at 16:01
ThomasThomas
1634
asked Feb 16 at 16:01
ThomasThomas
1634
1634
that's my plan too... thanks for asking it!
– Aganju
Feb 16 at 16:10
2
en.wikipedia.org/wiki/Perpetual_traveler
– TomTom
Feb 16 at 17:07
6
I think in general, most jurisdictions consider that once you have established residency, residency is maintained by not establishing a residency elsewhere, not by continued presence.
– chepner
Feb 16 at 19:00
add a comment |
that's my plan too... thanks for asking it!
– Aganju
Feb 16 at 16:10
2
en.wikipedia.org/wiki/Perpetual_traveler
– TomTom
Feb 16 at 17:07
6
I think in general, most jurisdictions consider that once you have established residency, residency is maintained by not establishing a residency elsewhere, not by continued presence.
– chepner
Feb 16 at 19:00
that's my plan too... thanks for asking it!
– Aganju
Feb 16 at 16:10
that's my plan too... thanks for asking it!
– Aganju
Feb 16 at 16:10
2
2
en.wikipedia.org/wiki/Perpetual_traveler
– TomTom
Feb 16 at 17:07
en.wikipedia.org/wiki/Perpetual_traveler
– TomTom
Feb 16 at 17:07
6
6
I think in general, most jurisdictions consider that once you have established residency, residency is maintained by not establishing a residency elsewhere, not by continued presence.
– chepner
Feb 16 at 19:00
I think in general, most jurisdictions consider that once you have established residency, residency is maintained by not establishing a residency elsewhere, not by continued presence.
– chepner
Feb 16 at 19:00
add a comment |
1 Answer
1
active
oldest
votes
No.
All tax treaties (which
allow personal/investment income paid in one country to get shifted to another country)
require you to claim (at least in your mind; paperwork might not be needed)
an official country of residence for each piece of income. So,
you will then need to file taxes for at least one claimed country. If you
claim multiple countries, you probably can use foreign tax credits to prevent
double-taxation, but your total taxes are probably minimized claiming just one
country for all income.
answered Feb 16 at 18:22
bobuhitobobuhito
1992
so, if I understand properly, I need to elect where my tax residence is. But if I don't spend a minimum of time in a place, I can't establish a residence there since I wouldn't be able to get a tax id in that location. How can that work then?
– Thomas
Feb 16 at 21:33
1
As @chepner commented, you probably should just stick with the country you last filed taxes with. If you really can't get a different tax ID, it seems you have no other option.
– bobuhito
Feb 16 at 23:36
add a comment |
Your Answer
StackExchange.ready(function()
var channelOptions =
tags: "".split(" "),
id: "93"
;
initTagRenderer("".split(" "), "".split(" "), channelOptions);
StackExchange.using("externalEditor", function()
// Have to fire editor after snippets, if snippets enabled
if (StackExchange.settings.snippets.snippetsEnabled)
StackExchange.using("snippets", function()
createEditor();
);
else
createEditor();
);
function createEditor()
StackExchange.prepareEditor(
heartbeatType: 'answer',
autoActivateHeartbeat: false,
convertImagesToLinks: true,
noModals: true,
showLowRepImageUploadWarning: true,
reputationToPostImages: 10,
bindNavPrevention: true,
postfix: "",
imageUploader:
brandingHtml: "Powered by u003ca class="icon-imgur-white" href="https://imgur.com/"u003eu003c/au003e",
contentPolicyHtml: "User contributions licensed under u003ca href="https://creativecommons.org/licenses/by-sa/3.0/"u003ecc by-sa 3.0 with attribution requiredu003c/au003e u003ca href="https://stackoverflow.com/legal/content-policy"u003e(content policy)u003c/au003e",
allowUrls: true
,
noCode: true, onDemand: true,
discardSelector: ".discard-answer"
,immediatelyShowMarkdownHelp:true
);
);
Sign up or log in
StackExchange.ready(function ()
StackExchange.helpers.onClickDraftSave('#login-link');
);
Sign up using Google
Sign up using Facebook
Sign up using Email and Password
Post as a guest
Required, but never shown
StackExchange.ready(
function ()
StackExchange.openid.initPostLogin('.new-post-login', 'https%3a%2f%2fmoney.stackexchange.com%2fquestions%2f105417%2fwith-constant-travel-is-it-possible-to-not-have-a-tax-residence%23new-answer', 'question_page');
);
Post as a guest
Required, but never shown
1 Answer
1
active
oldest
votes
1 Answer
1
active
oldest
votes
active
oldest
votes
active
oldest
votes
No.
All tax treaties (which
allow personal/investment income paid in one country to get shifted to another country)
require you to claim (at least in your mind; paperwork might not be needed)
an official country of residence for each piece of income. So,
you will then need to file taxes for at least one claimed country. If you
claim multiple countries, you probably can use foreign tax credits to prevent
double-taxation, but your total taxes are probably minimized claiming just one
country for all income.
answered Feb 16 at 18:22
bobuhitobobuhito
1992
so, if I understand properly, I need to elect where my tax residence is. But if I don't spend a minimum of time in a place, I can't establish a residence there since I wouldn't be able to get a tax id in that location. How can that work then?
– Thomas
Feb 16 at 21:33
1
As @chepner commented, you probably should just stick with the country you last filed taxes with. If you really can't get a different tax ID, it seems you have no other option.
– bobuhito
Feb 16 at 23:36
add a comment |
No.
All tax treaties (which
allow personal/investment income paid in one country to get shifted to another country)
require you to claim (at least in your mind; paperwork might not be needed)
an official country of residence for each piece of income. So,
you will then need to file taxes for at least one claimed country. If you
claim multiple countries, you probably can use foreign tax credits to prevent
double-taxation, but your total taxes are probably minimized claiming just one
country for all income.
answered Feb 16 at 18:22
bobuhitobobuhito
1992
so, if I understand properly, I need to elect where my tax residence is. But if I don't spend a minimum of time in a place, I can't establish a residence there since I wouldn't be able to get a tax id in that location. How can that work then?
– Thomas
Feb 16 at 21:33
1
As @chepner commented, you probably should just stick with the country you last filed taxes with. If you really can't get a different tax ID, it seems you have no other option.
– bobuhito
Feb 16 at 23:36
add a comment |
No.
All tax treaties (which
allow personal/investment income paid in one country to get shifted to another country)
require you to claim (at least in your mind; paperwork might not be needed)
an official country of residence for each piece of income. So,
you will then need to file taxes for at least one claimed country. If you
claim multiple countries, you probably can use foreign tax credits to prevent
double-taxation, but your total taxes are probably minimized claiming just one
country for all income.
answered Feb 16 at 18:22
bobuhitobobuhito
1992
No.
All tax treaties (which
allow personal/investment income paid in one country to get shifted to another country)
require you to claim (at least in your mind; paperwork might not be needed)
an official country of residence for each piece of income. So,
you will then need to file taxes for at least one claimed country. If you
claim multiple countries, you probably can use foreign tax credits to prevent
double-taxation, but your total taxes are probably minimized claiming just one
country for all income.
answered Feb 16 at 18:22
bobuhitobobuhito
1992
answered Feb 16 at 18:22
bobuhitobobuhito
1992
answered Feb 16 at 18:22
bobuhitobobuhito
1992
answered Feb 16 at 18:22
bobuhitobobuhito
1992
1992
so, if I understand properly, I need to elect where my tax residence is. But if I don't spend a minimum of time in a place, I can't establish a residence there since I wouldn't be able to get a tax id in that location. How can that work then?
– Thomas
Feb 16 at 21:33
1
As @chepner commented, you probably should just stick with the country you last filed taxes with. If you really can't get a different tax ID, it seems you have no other option.
– bobuhito
Feb 16 at 23:36
add a comment |
so, if I understand properly, I need to elect where my tax residence is. But if I don't spend a minimum of time in a place, I can't establish a residence there since I wouldn't be able to get a tax id in that location. How can that work then?
– Thomas
Feb 16 at 21:33
1
As @chepner commented, you probably should just stick with the country you last filed taxes with. If you really can't get a different tax ID, it seems you have no other option.
– bobuhito
Feb 16 at 23:36
so, if I understand properly, I need to elect where my tax residence is. But if I don't spend a minimum of time in a place, I can't establish a residence there since I wouldn't be able to get a tax id in that location. How can that work then?
– Thomas
Feb 16 at 21:33
so, if I understand properly, I need to elect where my tax residence is. But if I don't spend a minimum of time in a place, I can't establish a residence there since I wouldn't be able to get a tax id in that location. How can that work then?
– Thomas
Feb 16 at 21:33
1
1
As @chepner commented, you probably should just stick with the country you last filed taxes with. If you really can't get a different tax ID, it seems you have no other option.
– bobuhito
Feb 16 at 23:36
As @chepner commented, you probably should just stick with the country you last filed taxes with. If you really can't get a different tax ID, it seems you have no other option.
– bobuhito
Feb 16 at 23:36
add a comment |
Thanks for contributing an answer to Personal Finance & Money Stack Exchange!
- Please be sure to answer the question. Provide details and share your research!
But avoid …
- Asking for help, clarification, or responding to other answers.
- Making statements based on opinion; back them up with references or personal experience.
To learn more, see our tips on writing great answers.
Sign up or log in
StackExchange.ready(function ()
StackExchange.helpers.onClickDraftSave('#login-link');
);
Sign up using Google
Sign up using Facebook
Sign up using Email and Password
Post as a guest
Required, but never shown
StackExchange.ready(
function ()
StackExchange.openid.initPostLogin('.new-post-login', 'https%3a%2f%2fmoney.stackexchange.com%2fquestions%2f105417%2fwith-constant-travel-is-it-possible-to-not-have-a-tax-residence%23new-answer', 'question_page');
);
Post as a guest
Required, but never shown
Sign up or log in
StackExchange.ready(function ()
StackExchange.helpers.onClickDraftSave('#login-link');
);
Sign up using Google
Sign up using Facebook
Sign up using Email and Password
Post as a guest
Required, but never shown
Sign up or log in
StackExchange.ready(function ()
StackExchange.helpers.onClickDraftSave('#login-link');
);
Sign up using Google
Sign up using Facebook
Sign up using Email and Password
Post as a guest
Required, but never shown
Sign up or log in
StackExchange.ready(function ()
StackExchange.helpers.onClickDraftSave('#login-link');
);
Sign up using Google
Sign up using Facebook
Sign up using Email and Password
Sign up using Google
Sign up using Facebook
Sign up using Email and Password
Post as a guest
Required, but never shown
Required, but never shown
Required, but never shown
Required, but never shown
Required, but never shown
Required, but never shown
Required, but never shown
Required, but never shown
Required, but never shown
that's my plan too... thanks for asking it!
– Aganju
Feb 16 at 16:10
2
en.wikipedia.org/wiki/Perpetual_traveler
– TomTom
Feb 16 at 17:07
6
I think in general, most jurisdictions consider that once you have established residency, residency is maintained by not establishing a residency elsewhere, not by continued presence.
– chepner
Feb 16 at 19:00