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The Accountants for Growth

Overseas Earnings - Working Offshore on Yachts

Overseas Earnings - Working Offshore on Yachts
Well the tax return season is over for another year and it always throws up some interesting cases.
This year we helped a client who works on luxury yachts in the Mediterranean – lucky lady!
This work can often bring in great rewards in terms of earnings which are sometimes tax free.
As well as receiving a good salary for working on a super yacht, you also benefit from free accommodation and meals etc which in turn allows you to save a substantial amount from the salary you receive.
People leaving their home country to work on yachts can become non-residents and thereby legally avoid paying tax on earnings.
This article expresses general tax rules and you should always seek specific advice relating to you own personal circumstances. 
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