tax

Hello, I have been consistently using an EMI (Lithuania based Walletto / IBANDIRECT) and now they have asked for my TIN. I transfer funds from another IBAN (Globitex) to my Walletto account. I then load a VISA card on Walletto/IBANDIRECT for day-to-day expenses, but now they are saying my KYC...

Is Offshore dead? I am a UK resident and have a small business that mostly works with US/EU companies. We are talking about relatively modest profits here and I don't pay myself much so most of the profits stay in the company. Given that I don't do much UK business I was looking at ways to...

You might have heard of Vanuatu in your offshore adventure – it is often rated to be a tax haven with plenty of advantages for foreigners. However, most people have no clue where to locate it on the map, and it makes perfect sense – Vanuatu has become famous only recently. A simple visit to...

Hi, My wife is a Thai citizen, and together we live in Thailand. I am looking to incorporate a company offshore in order to pull in my cryptocurrency income (expected about 200k Euros a year. This is from a variety of sources: trading, investing, NFTs etc) to Thailand with no personal income...

Andorra is one of the smallest countries in Europe. Until you are into finances or offshore business, you might have heard about it around football qualifiers – it never manages to make it to a final tournament. Other than that, Andorra is a great choice for those who like tranquil tourism...

Can we expect the Europeans to follow? Could we see an end to CRS Reporting with Russia in addition to DTA's suspended...smi(&%? https://www.msn.com/en-ca/money/topstories/exclusive-us-suspends-tax-information-exchange-with-russian-authorities/ar-AAVSTL7 ---- quote start WASHINGTON (Reuters)...

Hello, I have a rather complex situation I would like some guidance on. I am currently living in Denmark, with no interest in relocating at the moment. I’d like to open an investment firm/family office offshore for myself and some clients, at first just trading stocks, but potentially...

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