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Thread: Where is it best to have your Salary paid while working in the Mid East?

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    Regular User Array process's Avatar
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    Where is it best to have your Salary paid while working in the Mid East?

    May have a job lined up there & was thinking where would it be best to have the salary paid?

    I've heard UK are clamping down on incoming salaries that are tax free and applying their own taxes...

    Where could I put my tax free salary and keep it tax free?! I don't really like keeping a lotta $ under my mattress either before some smart arse says so

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    Xerographic Detournements Array re_fuse's Avatar
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    Open a local account

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    acostumbrado equivocado Array happynz's Avatar
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    Panamá, Singapore, Switzerland, Cayman Islands...seems as if there are heaps of places to secure your money. My thinking is that one should keep their money as far away from the taxing authority as they reasonably can.

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    Senior Member Array happychappy's Avatar
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    Why do you not put it into your account here ?
    My next door neighbours have challenged me to a water fight , so I am just writing this while I am waiting for the kettle to boil .

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    Regular User Array The Quiet American's Avatar
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    u mean , after to ur ex wife ?

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    Quote Originally Posted by process View Post
    May have a job lined up there
    Where's there?
    What's wrong with their banks?
    Forever heading home

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    Senior Member Array johnny larue's Avatar
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    Most of the Brits I know voluntarily send half of their income back to blighty to shore up the NHS and other welfare services. Social justice, social responsibility, and an advanced sense of fairness you know.
    "If a nation expects to be ignorant and free, it expects what never was and never will be. - TJ


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    Regular User Array process's Avatar
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    Local account - yup ok.... thats 1 way I suppose..Just hope opening an account there isn't like opening one in Thailand...
    far away from taxin authority is my idea too
    cause they'll catch on & start taxing it
    there is Saudi - nout wrong with their banks...as far as I know
    advanced fairness - sounds terrible to me... I'll keep up my NI and thats it. If I'm not in the country using any services, I'm not paying for them...simple as!


    anywayz thanks for your replies... out of curiosity, if I were to have my salary payed into a Thai bank, would that be subjected to any kind of tax reduction?

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    Xerographic Detournements Array re_fuse's Avatar
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    ^ Talk to the poster "Chang" about international tax treaties..... where for 2 years you can get 100% of your tax back I know Thailand is a signatory with the USA , Australia and the UK maybe Middle eastern countries are too.

    Here is a list of countries with agreements with Thailand.
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    Senior Member Array happychappy's Avatar
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    Quote Originally Posted by process View Post
    anywayz thanks for your replies... out of curiosity, if I were to have my salary payed into a Thai bank, would that be subjected to any kind of tax reduction?
    Had mine paid in here while I was working in South Africa , no problems.

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    The last time I checked with the UK tax office, unless the work is being done in the UK then it's not taxable in the UK (even if you receive payment to a UK bank account). Of course, any interest earned on the bank balance would be taxable in the UK.

    Has the situation changed and if so do you have a link?

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    Xerographic Detournements Array re_fuse's Avatar
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    Quote Originally Posted by isquat View Post
    Has the situation changed and if so do you have a link?
    Yep ::English::

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    Senior Member Array tomcat's Avatar
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    ...my experience may not be relevant: my Saudi salary was deposited into a Saudi bank. From there, I used the ATM to send the bulk to the States (tax-free salary) and a small portion to my account in LOS as a vacation hedge against currency fluctuations...no taxes paid at either location...
    ...majestically enthroned amid the vulgar herd...

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    Regular User Array process's Avatar
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    thx refuse...I'll check over that link when I have a little more time...

    sending funds internationally over an atm tom? didnt even know this was possible...lol...
    do you know if that would be one of the cheaper ways to send funds to another account abroad?

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    Senior Member Array tomcat's Avatar
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    ...once the transfers are set up with your local Saudi bank, sending your money where you want it is as simple as a stroll to the nearest ATM...it was certainly cheaper (and far more convenient) than going into the bank, filling out a transfer form, taking a number, paying the transfer fee, and waiting for the bank to send the funds (possibly at their leisure)...

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