Expat Australia News

Latest 10 news items tagged Australia

18 Feb at 6 PM 2019

New Oz property capital gains tax law forces rushed sales of prestige Sydney homes

Expat and foreigner home owners of prestige properties are rushing to get them sold before Oz’s new tax exemption laws kick in. Expatriate and foreign owners of a selection of Sydney’s most upscale real estate are besieging property agents with demands their homes must be sold before June 30 this year, the date on which they will no longer be able to claim capital gains tax exemption on capital appreciation. The new law covers both Australian nationals living and working overseas and expats from other nationalities who’ve bought...
15 Feb at 6 PM 2019

Expats fuelling population growth in New Zealand

New Zealand’s population is set to hit five million by 2020, and it’s mostly down to increasing numbers of expat arrivals. The total population of New Zealand reached 4.9 million by the end of September 2018, with the upswing continuing at the rate of one person every five minutes! According to data released by Statistics New Zealand, in the year from September 2017 to September 2018, 66 per cent of the 90,000 population increase was via migration to the country. Over the past five years, the dominant driver of population growth...
11 Feb at 6 PM 2019

Saudi king to reimburse SMEs for expat work permit fees

Saudi King Salman has approved reimbursements of around three million dollars to struggling businesses for fees charged for expat work permits as well as cancelling rate hikes for those who couldn’t pay. Since 2017, Saudi companies have been forced to pay swingeing fees for every expat employed, in a bid to persuade firms to stop hiring foreigners and rely on the local population for workers. In addition, the fees are also charged for dependents’ visas, resulting in a high number of families being sent back to their home...
11 Feb at 6 PM 2019

Are QROPS still an option post-Brexit?

Retirement – what about a post-Brexit QROPS? The freedom to choose another country for your retirement years is a romantic notion, but it’s now become far more popular due to ease of travel and a wide choice of destinations to suit all pockets. The excitement of a whole new environment is hard to resist, especially as many Western countries are mired in political chaos and instability. Sadly, for would-be British expats, Brexit is almost certain to slash their options as regards choice of a new homeland, but it’s also providing...
7 Feb at 6 PM 2019

Brit expats in Spain desperate for answers but no-one’s listening

The message to UK expats in Europe from the UK government couldn’t be any clearer by now - no-one’s listening. It seems one has to be Irish to gain any ground nowadays with Theresa May and her cohorts, including the leader of the only alternative political support abandoned Britons in Europe might have – the Labour Party. As EU negotiators keep repeating over and over again they will not give any more ground and May prepares for yet another useless taxpayer-funded jaunt to Europe, international and national media outlets...
29 Jan at 6 PM 2019

UK expats warned again over continuing pension scams

The UK former chancellor’s pension freedom reforms are still being taken advantage of by pension scammers in spite of endless warnings. Chairman of the government’s pensions committee MP Frank Field is warning the so-far toothless defences against fraud are still allowing scammers to take full advantage of UK pensioners at home and abroad. ‘It’s a tragedy for those who’ve fallen for these crooks’, he added. The reforms gave retirees the freedom to invest anywhere and in anything, opening the floodgates for fraudsters to...
28 Jan at 6 PM 2019

Brits expats crave comfort foods from the home country

British expats miss ginger biscuits the most! Homesickness seems to be more acute in British expats than in any of their worldwide counterparts, according to both online retailers and specialist stores in favourite expatriate destinations. The latest must-haves from the old country are crunchy ginger biscuits, topping the sales lists over and above such delights as chocolate bourbons, shortbread and mini Jaffa cakes. According to a spokesperson from British Corner Shops, it’s a comfort thing, with expats seeking out goodies to which...
24 Jan at 6 PM 2019

Wealthy South African expats due for 45 per cent tax rate

High-income South Africans living overseas are to be taxed at a rate representing almost half their income. A swathe of new, more stringent tax legislation due to come in during March is sending shivers up the spines of ultra-wealthy South African expats earning over one million rand a year. Advance warnings state a tax rate of up to 45 per cent is likely, as the SA government needs to reduce pressure on its revenue department and treasury. The threatened rate rise comes after last year’s tax hike, brought in to mitigate a...
21 Jan at 6 PM 2019

Expat public sector workers in Kuwait to get the chop by 2028

The Kuwaiti government is aiming to close off its public sector to expat workers by the year 2028. In a report late last week, Kuwait’s ratings agency confirmed the government’s intent to rid the public sector of all expatriate workers by 2028, in addition to aiming for between 30 and 50 per cent Kuwaitization of the private sector. At the present time, expats working in the banking sector total 66 per cent, with the remaining sectors of manufacturing, industry and agriculture each accounting for just three per cent of the total...
17 Jan at 6 PM 2019

Kuwait mulls cancellation of sponsorship system

After endless calls by Kuwaiti rights groups, the emirate is considering the cancellation of the sponsorship system. According to sources within the Kuwaiti government, Kuwait’s long-established sponsorship system is looking to be in its last days. For decades, the expat-aimed system has been criticised by rights groups and outside organisations for being a form of bonded labour, with the government now seemingly in agreement about its cancellation. It would seem lawmakers are finally aware that ending the system would be much...