John Marcarian - Expatland

Appendix F

Budget Template

Available for download on www.csttax.com

EXPATLAND

JOHN MARCARIAN

First published 2015

Expatland

By John Marcarian

BEc, CA, M Int. Tax (Hons), FTIA, ACIS JP

Head Office:

CST Tax Advisors Pte Limited

Level 17

96 Robinson Road

SINGAPORE 068899

Editor: Carol DCosta, Em & En Word Craft

www.caroldcosta.com

Production by

Longueville Media Pty Ltd

PO Box 205
Haberfield NSW 2045 Australia

www.longmedia.com.au

info@longmedia.com.au

Tel. +61 2 9362 8441

Copyright John Marcarian 2015

All rights reserved. No part of this publication may be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopying, recording or by any information storage and retrieval system, without the prior permission in writing from the author and copyright holder.

ISBN: 978-0-9942691-5-7 (eBook)

For the National Library of Australia Cataloguing-in-Publication entry please visit www.nla.gov.au

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Asia Europe US

About the author

By his mid teens John Marcarian had read his first book on international tax planning and was hooked. John has since become a chartered accountant, international tax advisor and the founder of the global business CST Tax Advisors.

Throughout his youth John developed a keen interest in business, sport and travel. At the age of 25, although a tax manager with Deloitte, he recognised that starting his own business was the direction his professional career was headed.

In 1992 John founded what is now CST Tax Advisors, and in 2004 he established its Singapore office. Since that time, CST Tax Advisors has spread to many global locations. The company remains the only business that focuses solely on the tax needs of global expats living throughout Expatland .

A regular speaker, John travels widely, presenting numerous technical and business papers around the globe to organisations such as the American Australian Association, AustCham Singapore, Israel-Asia Chamber of Commerce, and Australian Business (in London) to name a few. He has also assisted clients in more than 50 countries.

John is married with two daughters. In his spare time he is learning Brazilian Portuguese and surfing.

Contents

Disclaimer

The information contained in this publication is of a general nature only and is not meant to be a substitute for professional advice. It does not purport to be, and does not constitute, financial advice. You should obtain appropriate advice (which may include accounting, taxation, legal, immigration or financial advice) from a licensed professional who is able to consider and advise you on your own individual circumstances.

While the information contained in this publication is believed to be correct at the time of publication, the author, the copyright owner and the publisher do not warrant or represent that such information is up to date, accurate or complete in every particular, either at the time of publication or at any other time. You must therefore make your own enquiries and seek professional advice, as required, before making or implementing any decisions.

To the full extent permitted by law, the author, the copyright owner and the publisher will not be liable for any loss, damage or liability suffered by you or any other person arising in connection with the use of any information contained in this publication.

Foreword

When John Marcarian asked me to write the Foreword to his book Expatland , I was struck by a couple of initial thoughts.

The first thought was that although there is an elegant simplicity, which the word Expatland captures very well, the country itself is geographically diverse and its inhabitants can be from all walks of life.

Indeed, Expatland inhabitants can be, as was my case for many years, a sports professional living overseas while plying their trade, a global executive working for a multinational or an international businessperson living and working away from home.

From personal experience I have seen a significant rise in the number of Australians and other nationalities moving internationally to live and work.

The world is a much more interconnected place now than it was when I first represented Australia in 1970. In those days the term expat was virtually unheard of. Today, however, people are moving overseas to live and work with far greater frequency.

The second thought that occurred to me was that I could really have done with Johns book much earlier!

Together with my wife, Judy, we have been expats in many locations and we encountered a number of the challenges that John discusses with such clarity in Expatland .

We eventually solved these challenges, but having this book earlier would have made the process of overcoming them much more straightforward.

In my time as a professional cricketer, Captain of the Australian Cricket Team and as an international cricket coach, my approach has always been to plan carefully before any significant undertaking.

To my mind John has done a terrific job of covering most of the things that a future inhabitant of Expatland needs to consider and plan for.

The book is full of very insightful observations, suggestions and ideas for action.

I believe this book is a must read for anyone heading to Expatland.

Enjoy the journey.

Greg Chappell, MBE

Australian Cricket Captain (19751983)
International Cricket Coach

Introduction

Welcome to Expatland

Expatland is the name I have given to the special country where global expats live! The aim of my book Expatland is to help you learn about a variety of subjects that you will need to know before you move to Expatland , whether it is to Europe, Asia Pacific, the US or elsewhere. The book cover illustrates how I imagine Expatland might look like.

It is not my intent to be prescriptive in the sense of which particular countries are addressed, because the reality is that Expatland can be comprised of every country in the world.

The background to Expatland started when my firm CST Tax Advisors began in 1992. I soon noticed that a gap existed in the market with respect to helping private individual expatriates co-ordinate and manage their tax accounting and legal affairs across international markets. After a number of years dealing with global expatriate clients, I decided that a book about Expatland would be very helpful to future residents planning their move.

My hope is that my book will be a valuable guide to help you make the big move and will provide you with things to think about; points to follow up; facts to learn; and steps to take.