13 Dec 2016
Moving to a foreign country often proves challenging. Coming to terms with a new tax system is one of the more significant factors contributing to this challenge. This guide is designed to help expatriates in many ways:
- To get an idea about changes to their personal income tax and implications on social security contributions as a result of such a move
- To understand the steps they may be advised to take before they leave their home country
- When dealing with the tax implications of moving abroad, it is helpful to consider the following: What tax planning should be done before the transfer abroad
- How the expatriate is taxed in the foreign country
- What tax matters need consideration in preparing for the return to the home country
- Whether reporting requirements get stringent with the change in residential status due to long-term assignment period
This booklet reflects on tax laws and practices in India applicable for the Indian tax year 2016-17 covering period 1 April 2016 to 31 March 2017.
Please click to read the full booklet.