Hello everyone; I'm new here so please be gentle!
I'm 20 years old living in Australia, and have established on online business based around digital product development (~$40k annual revenue). I generate most of my income via foreign clients, which requires certain tax issues to be considered (tax residency, withholding tax, VAT, etc.)
I'm registered as a sole trader in Australia (have an ABN, TFN) and do all of my business online via a laptop.
Currently I'm considering moving overseas, to Berlin, for at least 12 months (probably longer). My biggest concern is the implications this might have with my business. I have no idea what to expect or what to consider. I'm literally clueless.
I'm looking for some insight as to what an overseas move would involve in this respect.
Does anything with my tax change? How will I even lodge tax? Do I pay German tax or Australian tax? Do I maintain an Australian-registered business? What's up with that health care fee I keep reading about? Are there other "hidden" fees I should know about before moving?
Any insight would be greatly appreciated. Thank you!
Matthew