Expatriate taxation refers to the tax responsibilities of individuals living and working abroad. Expats must understand both their home country and host country tax regulations. Proper knowledge of expatriate taxation helps avoid double taxation and legal issues. Expats should explore tax treaties, foreign income exclusions, and tax credits. Keeping accurate financial records and filing on time is crucial. Consulting a tax professional specializing in expat taxes ensures compliance and maximizes deductions. Smart tax planning helps expatriates reduce liabilities and manage their finances effectively while living overseas.
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