Expat Chat Episode 91 - Expat Tax Residency Law Changes Update

Expat Chat Podcast

Welcome to the ninety first episode of the #Expatchat podcast where we discuss the latest tax and financial issues affecting an #Australianexpat. In today’s Expat Chat we provide an update on the latest developments with respect to the proposed changes to the tax residency rules affecting Australian expats. After there was no mention of the proposed changes to the tax residency rules in the recent Federal Budget the market intepreted this as the changes were to be put on the back burner especially after the Australian Taxation Office released their updated Tax Ruling on non-residency rules for Australian expats. Fast forward a month and the Australian Treasury department has released a Consultation paper asking for feedback on the Board of Taxations proposed changes. What does this mean for Australian expats? In this episode we run through the following topics:  • What are the proposed changes to tax residency? • What is the purpose of the consultation paper and how does this work with the expat tax residency changes? • What is the timeframe for the implementation of the proposed changes? Links that we discussed in this episode include: • Proposed Changes to Expat Tax Residency Rules - https://atlaswealth.com/news/changes-to-the-australian-tax-residency-rules-affecting-expats/ • Treasury Consultation Paper - https://treasury.gov.au/consultation/c2023-205344 • Facebook Group - Don't forget to join our Australian Expat Financial Forum Facebook Group - https://www.facebook.com/groups/Australianexpatfinancialforum • Ask Atlas - Have your questions answered on the podcast by clicking this link - https://atlaswealth.com/news-media/australian-expat-podcasts/questions-or-feedback-for-the-expat-podcast/ • Expat Mortgage Podcast - https://atlaswealth.com/news-media/australian-expat-podcasts/expat-mortgage-podcast/ If you like the content make sure you let us know by hitting the thumbs up and subscribing as well as providing some feedback in the comments below. Atlas Wealth Management is a specialist in providing tax financial planning advice to every Australian #expat. Whether you are based in Asia, the Middle East, Europe or the Americas, we have the experience in providing wealth management and planning services to the expatriate community. Atlas Wealth Management was born out of the demand from expats who wanted a financial adviser to help them navigate the tax and financial maze of living abroad as well as assisting them make the most out of their time overseas. To find out more about Atlas Wealth Management and how we can help Australian expats please go to https://www.atlaswealth.com. Make sure you connect with us on our respective social media channels: Facebook: www.facebook.com/atlaswealthmgmt LinkedIn: www.linkedin.com/company/atlas-wealth-management Twitter: www.twitter.com/atlaswealthmgmt Instagram: www.instagram.com/atlaswealthmgmt