Welcome to the one hundred and forty fourth episode of the #Expatchat podcasts where we discuss the latest tax and financial issues affecting an #Australianexpat.

In this episode, James Ridley, Managing Director of the Australian office, breaks down the implications of the recently passed “One Big Beautiful Bill” on Australian expats living in the U.S.

Now signed into law as of July 4, 2025, the legislation introduces several key tax changes—most notably, a 3.5% excise tax on outbound remittances beginning January 1, 2026. This could significantly affect visa holders (E-3, L-1, H-1B, and green card holders) who regularly send funds overseas.

James also explains how this tax could apply to:

- Restricted stock units (RSUs)

- Dividends and rental income

- Proceeds from property or share sales

Currency providers may be required to withhold the tax at source, adding a compliance burden for expats and institutions alike.

Another critical update: Section 899, the so-called “retaliatory tax,” could raise U.S. dividend withholding rates up to 50% for residents of countries deemed to have “unfair” tax systems—Australia's status remains to be clarified.

Action Items:

✅ Seek advice if you're inheriting shares as a non-resident—CGT event K3 may apply.

✅ Register for our upcoming webinar to learn more about U.S. tax changes, currency shifts, and cross-border financial strategies.

✅ Prepare early for 2026, especially if you transfer money internationally or receive U.S.-sourced income.

Links that we discussed in this episode include:

• Upcoming events - atlaswealth.com/events

• Facebook Group - Australian Expat Financial Forum Facebook Group - www.facebook.com/groups/Australia…atfinancialforum

• Ask Atlas - Have your questions answered on the podcast by clicking this link - atlaswealth.com/news-media/austra…he-expat-podcast/

• Expat Mortgage Podcast - atlaswealth.com/news-media/austra…mortgage-podcast/

• Weekly Recap Podcast – https://atlaswealth.com/news-media/australian-expat-podcasts/weekly-recap-podcast-4/

If you like the content make sure you let us know by hitting the thumbs up and subscribing as well as providing some feedback in the comments below.

The Atlas Wealth Group is a specialist in providing tax, financial planning, asset management and mortgage services to every Australian #expat.

Whether you are based in Asia, the Middle East, Europe or the Americas, we have the experience in providing essential financial services to the expatriate community.

The Atlas Wealth Group was born out of the demand from Australian expats who wanted a professional to help them navigate the tax and financial maze of living abroad as well as assisting them make the most out of their time overseas.

To find out more about the Atlas Wealth Group and how we can help Australian expats please go to www.atlaswealth.com.

Make sure you connect with us on our respective social media channels:

Facebook: www.facebook.com/atlaswealthmgmt

LinkedIn: www.linkedin.com/company/atlas-wealth-group

Twitter: www.twitter.com/atlaswealthmgmt

Instagram: www.instagram.com/atlaswealthgroup