Income tax efficiency strategies
Tax Planning Services
When working internationally, income tax rules can be very different from what you might expect in your home country.
Many countries make allowances for foreign contractors, which could mean significant tax savings during your contract abroad. For example:
- in the Netherlands there is a 30% tax allowance,
- in Norway there is a 10% expat tax allowance, and
- Spain provides a flat-rate non-resident tax rate.
(See our Dutch taxation guide, Norwegian taxation guide, and Spanish taxation guide for more details.)
As well as the actual income tax rules when you are working abroad, you should also consider the commercial structure that you use, when working internationally as a subcontractor, an employee or freelancer. All consultants and independent professionals need to have the situation fully reviewed to ensure tax efficiency, and to check that tax allowances are managed, claimed and tracked in the relevant countries, regardless of whether they related to standard income tax allowances, or the management of tax deductible expenses.
At Capital Consulting, we make use of our experience and local knowledge to ensure optimal tax efficiency while remaining fully compliant with local and international tax legislation. We recommend that you contact our tax planning specialists for appropriate advice.