Starting work in Libya

Rossco99

Hi all

My first post so please be gentle.

I'm about to start a new position in oil/gas based in Libya. I'm new to this industry and looking for some advice regarding uk tax, uk residency and best place for my money to be going..?

The situation is as follows:

1. Working a 28 day rotation (month on month off)
2. Getting paid in dollars to my uk account
3. Paying Libyan tax @13%
4. No tax deduction for uk tax in my monthly wage bill

I hope that the circumstances are familiar to somebody on here and can advise on best practice to take or people I could speak with.
Many thanks.

00ec25

in very simple terms if you spend more than 183 days in the UK (ie 6 months) in any one tax year you will remain liable for UK tax on your Libyan earnings. There is also another measure applied as an average over a 4 year period which may catch you if you don't do 6 months in any one given year

You may be able to claim the 13% tax paid as a credit against that liability depending on whether there is a tax treaty between the UK and Libya

the rest of the rules are far too detailed for me to advise accurately

John_Pierpoint

00ec25 wrote: »

in very simple terms if you spend more than 183 days in the UK (ie 6 months) in any one tax year you will remain liable for UK tax on your Libyan earnings. There is also another measure applied as an average over a 4 year period which may catch you if you don't do 6 months B]away from the UK[/B in any one given year.

You may be able to claim the 13% tax paid as a credit against that liability depending on whether there is a tax treaty between the UK and Libya

the rest of the rules are far too detailed for me to advise accurately

That does not mean that you are stuck exiled Libya.

Once upon a time I worked with a "refugee" from the Eastern Block - she and her family back home had to look forward to a mutual summer holiday in Romania, as returning to the (now) Czech republic to face her debts (and consequent state reaction) was a non starter.