Please be sure that your examination paper is complete. She is an in-house tax counsel with Multinational Inc which has offered her a posting in the Republic of Fiscalia. The term of the assignment is one year with an option of a further two years if both parties agree. Both Expatriate and Multinational contribute to an employer-based retirement fund for the benefit of Expatriate. Expatriate also holds options to acquire shares in Multinational which may be exercised at any time over the next three years.
Expatriate holds a portfolio of shares as an investment.
It is expected that she will rent out her home while in Fiscalia. Advise Expatriate on the income tax issues that she will need to consider in relation to the posting. Microsoap Inc is a fiscal resident of the Equitable Republic. It develops and supplies financial accounting software customised to the needs of its clients. All work is performed by Microsoap s employees in the Equitable Republic.