It can if a US LLC can cost 150-160/year there is definitely other countries with lower or closeby costs. Besides there is 252 other countries/dependancies besides US and only need find around 5-8 countries that work and fit requirements and your pretty set for a decent time until law makers mess up tax laws againwon't work!
If it was automated tax collection from company bank account by tax department and no need for calculations, documentations, fines etc then I wouldn't care as long as it is very low amount and taken at year end not on advance tax basis.Is it really such a big problem that they tax the profits in a company that way?
There must be a way to avoid it or at least just pay the small amount of tax it involves without having to relocate or shut down a company that you've spent time and money registering.
I thought you have the guys in Estonia that can do this for you. Just pay once per year. 2%.If it was automated tax collection from company bank account by tax department and no need for calculations, documentations, fines etc then I wouldn't care as long as it is very low amount and taken at year end not on advance tax basis.
I cant imagine anything worse from property rights viewpoint as somebody "just taking" sometning from somebody. Be it money, information, whatever. Luckily Est has managed to avoid at least that so far.If it was automated tax collection from company bank account by tax department and no need for calculations, documentations, fines etc then I wouldn't care as long as it is very low amount and taken at year end not on advance tax basis.
Don't be so mean, @W Fish. Poor @Nw1 lives in Absurdistan, where the government collects tax that way.I cant imagine anything worse from property rights viewpoint as somebody "just taking" sometning from somebody. Be it money, information, whatever. Luckily Est has managed to avoid at least that so far.
Not sure how long thougn....
The problem is as a director you are financially liable for 3rd party errors/mistakes or otherwise whoever submits the audits/accounts/tax docs etc and each country has like 5 or 10 years within which tax authority can come back and say oh wait we accepted your submission but upon double checking looks like your submission is wrong so we decided to fine you xyz amount now pay up or face jail time or some other authority would be more generous and make u pay and face jail time depends on how big of an error it is.I thought you have the guys in Estonia that can do this for you. Just pay once per year. 2%.
I don't mean like nationalization or confistication what I mean is automated tax collection at end of financial year(if it is a tax collecting country then 0.1-2% tax justifiable since you anyway pay that cut to your payment processor too which is automated) no need for self submission/docs/calculations/tax refunds all time wasting stuff with extra costs not like tax department does our accounting or auditing for free.I cant imagine anything worse from property rights viewpoint as somebody "just taking" sometning from somebody. Be it money, information, whatever. Luckily Est has managed to avoid at least that so far.
Not sure how long thougn....
No it doesn't happen currently I don't think any country still has automated tax collection instead of self assessment they should give people option to choose self assessment or automated collection at year endBut who would want this to be possible? Does this happen in your country?
Collection at year end? Why not collect with each transaction?No it doesn't happen currently I don't think any country still has automated tax collection instead of self assessment they should give people option to choose self assessment or automated collection at year end
Because self assessment is at year end with tax payment at year end so why pay earlier?Collection at year end? Why not collect with each transaction?
Because then, the government can be sure to get the money.Because self assessment is at year end with tax payment at year end so why pay earlier?
why does it have to be that cheap! You don't get anything for the money, is the guy you're using sending you a fake document for accounting? Photoshop work maybe ?It is per year for audit and final accounts prep, bookeeping we do internally. Done by a firm not a single person
@alain we have already been there a couple of weeks ago.why does it have to be that cheap! You don't get anything for the money, is the guy you're using sending you a fake document for accounting? Photoshop work maybe ?
Wish it would be that easy, cost would be much cheaper too. Using a registered international audit firm that holds related accounting qualifications and aware of related accounting/tax rules of country, simply bundle up all new companies to same firm get discount for new entities since lower transaction volume$80 audit. You mean, you paid a Pakistani guy on fiverr to do your accounting and fall under the audit requirements and the Estonian government did not check?
Me too. And which country you are in to hide taxes. It fits my tax appetite. Would like to move in next door.OP can you tell me what provider you are using right now which fit your budget ? I would like to know them.
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