183-day rule

The 183-day rule

The 183-day rule is a myth that has been widely spread in the financial and tax world. According to this rule, if you are absent from your country of residence for more than 183 days in a year, you will not be considered a tax resident of that country.

However, this rule is not universally applicable and does not take into account the specificities of each country and each individual situation. In fact, the length of time you need to be present in a country in order to be considered a tax resident varies considerably from one country to another, and can be influenced by many factors, such as property ownership, professional situation, family situation and so on.

It is important to note that the 183-day rule is not mentioned in international tax cooperation treaties, nor has it been adopted by all countries. What's more, even if a country adopts this rule, it's possible that the country's tax authorities will still consider you to be a tax resident if you have economic or personal ties with the country.

It is therefore important to consult the tax laws and regulations of the country where you reside or have assets to determine whether you are considered a tax resident and whether you must declare your income and assets in that country.

In short, the 183-day rule is a myth that is not universally applicable and does not take into account the specificities of each country and each individual situation. It is important to consult tax laws and regulations to determine whether you are considered a tax resident and whether you must declare your income and assets.