tax

My Belize IBC needs to file a tax return in Belize and financial statements (not audited). This is as it is not paying tax in another country (please lets not discuss this matter just now - I am aware of PE etc). I am a resident in the Philippines (not a CRS country). My company receives...

More and more entrepreneurs turn to offshore companies for a wide variety of benefits. To lots of business people, this is all about reducing tax and diversifying assets. To others, it is about minimizing the overall hassle. If you are "lucky" enough to live in a country with lots of...

A brief search over the Internet will expose you to different points of view. In terms of taxation, you will discover different concepts and ideas. The fact that taxation is theft is often among them – an idea that is constantly brought up as often as possible. Sometimes, it comes with a...

The unrealized capital gains tax has been widely discussed lately, especially after it was mentioned among new potential laws in the USA. Most people are not aware of it and the truth is they are less likely to be affected anyway. Who does it affect then? This type of tax is most likely aimed...

Hi, I need to open a bank account (no EMI) remotely, where its possible to open a account without traveling to that country. My Tax number is from dominican republic, and so my address. And that is my problem. I need a bank account with IBAN. Do you know any bank, that accepts / opens bank...

I will try my best to summarize this unique situation. In summary, got PR and moved to Toronto from Dubai. Still have residency in UAE because of remote work in a Dubai company. Good money but yes I WILL pay Tax here in Toronto. (PS: Don't ask why I moved here. That's a long discussion. Doesn't...

Hi, Are there any disadvantages in the plan of becoming legal resident in Georgia and forming individual enterpenuer with low tax status in order to lower tax rate for a period of 2 years that might be missed when only reading about it online? i like some areas in Tbilisi and will gladly stay...

Is there is a minimum limit for when they must report an account to the tax authorities ? Can't see any info about it before and was searching various places without luck!

A state prosecutor hunts the tax mafia

Clear text what you should know how CRS should work. Since I see a lot of people want play with this is good to know principal rules first. Reportable is account balance at end of year or day you have closed account and total gross amount credited (page 29;30 point 4;6 )...

https://cryptobriefing.com/treasury-pushes-global-crypto-reporting-rules-in-3-5t-budget-bill/ At beginning budget drama was only about us-taxpayers but now it looks like now they plan go for everyone. I don't know what future will bring but price is rising and some people can make costly mistake.

Hello, I am employed in Luxembourg and my employer want to give a bonus to me. He mentioned to me that he can do it to me personally (via Luxembourg or via another company located in an off or on shore jurisdiction such as jersey, UK etc...). Due to the high level of taxation on bonus in...

Hello, I have a trust in Jersey and an operating company in Luxembourg. Do you know any legal strategy possible to be used to upstream funds from a very efficient manner ? I was thinking about CPECS or PEC but I am unsure if using an hybrid instrument could help. Thank you all

Quick question, what's the best offshore setup (if any) if you are EU national and work for an EU based company as a full time employee and your yearly bonus represent a large/major part of your compensation? Put it differently, you as a worker get the "minimum" wage and unproportionaly large...

I have an EU passport but residing in the UK, I’m making $12,000 per month currently but I expect this to keep growing. My partner has a British passport We have been looking at opening a company in Dubai and become tax residents to reduce the amount of tax paid in the UK while also allowing...

Hi, I'm looking for clarity on crypto currency taxation in Thailand and possible (offshore) company setups to legally avoid taxes on trading by moving all trading activities into the company. I'm also looking for a way to move any personal crypto holdings into the company without incurring tax...

Hi all, shout out to Freebit for the EU perspective, his thread was v useful. So glad to have found a good forum where people talk about this stuff, getting tired of asking anything on reddit and 80% of the responses being "pay your taxes". I'm a long term btc/crypto investor, bought in early...

My situation is as follows: I am a dual Canadian and UK citizen, residing in Canada where I plan on staying I provide management consulting services to clients that are based in the US. Clients are (mostly) US companies and the work I do is for the US company/subsidiary. However, I perform the...

Hey, Will I need to pay income cooperation tax if I am a Mexican born citizen, with legal cooperation in Mexico and that does online business only in Canada selling physical products? Thanks!

Hi all, long story short, I have an LLC I registered in October 2020. I didn't have any activity what so ever on it. I didn't even open a bank account. My entity is a foreign-owned, I am not a US resident, not a US citizen and I am not ETBUS. The form 5742 is to be filed if your company had...