Moving abroad this year? You might be able to claim some very handy tax back... 3 months ago

Moving abroad this year? You might be able to claim some very handy tax back...

Brought to you by Irish Tax Rebates

This could be a very easy way to add some extra cash to your travel fund...

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Whether you're setting off in search of sea and sun along Australia's coastline, craving some city life in Canada or planning some time out to hit a few different countries, there's a lot of planning that goes into a move abroad.

Aside from choosing a new destination to set up camp, one of the most crucial steps that comes with any move is having some cash saved up to fund your big adventure.

But what if we told you there might be a way to add some extra money to your travel fund?

If you've ceased your employment in Ireland recently to move abroad, or you're returning home after some time living in another country, you could be entitled to some pretty handy tax back with Irish Tax Rebates.

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Normally, the tax year runs until 31 December, meaning you have to wait until the new year to claim back any tax you're owed. However, if you finish your employment in Ireland and move abroad, you can claim your tax back once your employment is officially ceased, meaning you won't have to wait until 2023 to get your hands on some cash back.

You likely have a lot on your plate as you plan your big trip so, to make claiming your tax rebate as simple as possible, here's what you need to know...

How do I know if I'm eligible?

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First and foremost, to be entitled to a rebate, you must have been employed and paying tax in Ireland in the 2022 tax year. This means you would be considered as Resident for Tax Purposes.

You are considered Resident for Tax Purposes if:

  • You've spent 183 days or more in Ireland in the year from 1 January - 31 December.
  • You've spent 280 days or more in Ireland over two consecutive tax years, with a minimum of 30 days in each year.

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Okay, that's me. What kind of tax rebates could I qualify for?

There are quite a few, actually. In certain circumstances, Irish residents who move abroad may still have to pay tax in both Ireland and their new country of employment. But this isn't a reason to panic, as there are several tax planning measures that can be applied to ensure you get your money back.

If you're heading abroad before the end of the year, you may be entitled to Split Year Relief. This means that you'll continue to be treated as a resident up to the date of departure, and all your employment income up to that date is taxed in the normal way. From the date of departure, your foreign employment income is ignored for Irish tax purposes, and you'll receive a full year of tax credits even though you have been resident here for only part of the year.

The Double Taxation Agreement is another reason why you might be entitled to some cash back. This agreement ensures that any tax paid on income earned abroad will be provided to you as a form of credit against the potential foreign taxes due to be paid. This is only applicable in countries where Ireland already has a Double Taxation Agreement in place, but includes the likes of Australia, the US, Canada and the United Kingdom.

Sometimes your employer may require working abroad for a prolonged period. In this case, the employer can apply for PAYE Exclusion Order, meaning Revenue is notified that you are paying tax elsewhere and that the collection of Irish Taxes is not necessary. It is important to note a PAYE Exclusion Order must be approved by Revenue at the start of a tax year.

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Sounds good! How do I claim my rebate?

Simple! Irish Tax Rebates are taking the hassle out of claiming back any tax you're entitled to, by doing all the hard work for you.

It can be a bit confusing to wrap your head around the various tax credits available and, if you're heading abroad soon, you likely have enough things to organise before you jet off. That's why the Irish Tax Rebates team of experts will take care of your tax rebates for you, from checking if you're entitled to any money back and putting in a claim on your behalf.

It helps that Irish Tax Rebates has the highest average tax rebate in Ireland at €1,092, and the lowest fee of just 7% + VAT or a minimum fee of €23. Plus, if you're not owed any tax back, no fee will be applied. Ideal!

You can apply online quickly and easily right HERE.

Did you live and work in Ireland for a period of time and have now left? Or are you returning to Ireland after working abroad for a time? If you have been paying Irish tax, then you may be eligible for a rebate! There are so many things to think about when you’re moving to or leaving a country, it is easy to forget about your taxes. Apply for an Irish Tax Rebate today HERE.

Brought to you by Irish Tax Rebates