Is this service right for me?

This service is for people who were not "tax resident" in the Falkland Islands in the calendar year. This means you were physically present in the Falkland Islands for less than 183 days. 

Being non-resident for tax purposes means only your Falkland Islands income is taxable in the Falkland Islands (as opposed to worldwide but you do not get full entitlement to reliefs and allowances). 

The price does not cover the fully self employed (requiring accounts to be created) or a property rental business in the Falkland Islands. If you require these services, please get in touch for a quote.

It does cover anything else required on the return, including multiple additional jobs and additional income. 
 

What will I receive?

We will initially review your information, review the figures and advise on what approach is appropriate in your case.

You will receive your tax return with the tax sections completed in full based on the information you provide, some sections will be blank for you to complete such as how you wish to be paid any refund - whilst we can complete these sections for you if you prefer, it requires you to provide bank details and other personal information. 

You will also receive an "Authorising Your Agent" form for you to sign and complete, this allows Albatross Tax to discuss your tax affairs with the Falkland Islands Tax Office. 

You will also receive an estimate of your tax refund (or bill) and any advice including when it is best to submit your return.
 

What is required of me?

To complete your return accurately, we will require accurate information from you. You will be asked to submit

Information on your wages, pensions and tax deducted (your Certificates of Tax Deducted are best)
Your local Standard Chartered Bank interest (it's not taxable, I'm unsure why it's required but it is)
Information on any other reliefs you may wish to try and claim (we will provide guidance on this).
Information on any foreign tax paid. 
Details of your arrivals and departures from the Falkland Islands in the year.

In our experience it is best to submit all your information and allow us to calculate what is taxable in the Falkland Islands. There is no such thing as too much information.

Falkland Islands Tax Office Queries

Our service includes dealing with queries from the Falkland Islands Tax office.

The Tax Office often makes enquiries into individual returns or potentially makes amendments based on their own information. In other countries it would be a rare occurrence where much of the process is automated or there would be no requirement to fill out a tax return at all. However, in the Falkland Islands, queries are common, and we include dealing with the Tax Office in the price. This replaces you dealing with them directly. 

This is limited to dealing with queries related to the return we have completed, which will be based wholly on the information you gave us. 

Still not sure?

If you're still not sure this is the right service for you, then get in touch with us via our contact page.