What is the seafarers’ half-day rule and how does it work?
If you’ve ever worked on board a Superyacht, you’ve probably heard of the Seafarers’ Earnings Deduction. The Seafarers’ Earnings Deducation, or SED as it is commonly known, is a piece of legislation that helps people who work at sea significantly reduce their tax bill. In fact, it allows seafarers to claim up to 100% tax exemption on their earnings!
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