Tax Residences

Nowadays, when many countries are announcing an increase in taxes due to the coronavirus pandemic, surely a lot of individuals are or will be looking to do some tax planning by changing their tax residence to somewhere where there is low or no taxation. This is not unreasonable at all, considering the risks, but it is also their right to seek a place where they are going to receive a better treatment, perhaps a greater level of legal certainty. But, one important thing – which a lot of these individuals do not take into account is consulting with tax professionals about establishing a clear and; above all, legal strategy, to stop being considered a tax resident in their current country of residence.