Thailand new change - world wide income at Thai tax levels to be taxed

[daniels27]

What is a day year?

You cannot do this for one year and then go where you want? Why? Your EU country's problem?

Why not Paraguay? Check with @NewHorizonsParaguay he is a nice guy!

 

[JackieTsan]

What is a day year?

You cannot do this for one year and then go where you want? Why? Your EU country's problem?

Why not Paraguay? Check with @NewHorizonsParaguay he is a nice guy!

Sorry I edited my original post

Yes eu country problem. that’s why I need to act.
Thank you

 

[NewHorizonsParaguay]

What is a day year?

You cannot do this for one year and then go where you want? Why? Your EU country's problem?

Why not Paraguay? Check with @NewHorizonsParaguay he is a nice guy!

From what I read, Paraguay could be helpful to you (tax residency certificate). On the Py part, your foreign income is out of their scope.

The potential problem you could face is withholding taxes on your EU passive income (dividends) from the respective EU country, as Paraguay does not have an extensive DTT network (only Spain). If it is ETF, for example, some things can be done to prevent this.

 

[JackieTsan]

From what I read, Paraguay could be helpful to you (tax residency certificate). On the Py part, your foreign income is out of their scope.

The potential problem you could face is withholding taxes on your EU passive income (dividends) from the respective EU country, as Paraguay does not have an extensive DTT network (only Spain). If it is ETF, for example, some things can be done to prevent this.

Thank you! Apologies, I mean dividends from my company, not investments (and investments too). What is the problem there with this? I am not aware at all. Many thanks

 

[NewHorizonsParaguay]

Thank you! Apologies, I mean dividends from my company, not investments (and investments too). What is the problem there with this? I am not aware at all. Many thanks

It depends on the country where the company is incorporated. Many have withholding taxes on dividends (reduced when there is a DTT). Some have different withholding tax rates when the recipient's country is considered tax-haven/noncooperative (e.g., Slovakia 35% - Paraguay is on the list of cooperative countries, tho).

 

[JackieTsan]

thank you! Where is this list? never happened to me.

 

[NewHorizonsParaguay]

thank you! Where is this list? never happened to me.

I can send you the list for Slovakia, but the list varies by the countries. It depends on where your company is incorporated.
However, Paraguay signed this agreement (with some reservations), so it should whitelisted by most countries.
https://www.oecd.org/en/topics/sub-...administrative-assistance-in-tax-matters.html

 

[daniels27]

I can send you the list for Slovakia, but the list varies by the countries. It depends on where your company is incorporated.
However, Paraguay signed this agreement (with some reservations), so it should whitelisted by most countries.
https://www.oecd.org/en/topics/sub-...administrative-assistance-in-tax-matters.html

@JackieTsan you won't have this problem as you most likely incorporated in low-tax counties that don't charge withholding tax on dividends.

 

[JackieTsan]

I can send you the list for Slovakia, but the list varies by the countries. It depends on where your company is incorporated.
However, Paraguay signed this agreement (with some reservations), so it should whitelisted by most countries.
https://www.oecd.org/en/topics/sub-...administrative-assistance-in-tax-matters.html

Thank you! I can't understand what is this...

 

[daniels27]

He is taking about this one
https://taxsummaries.pwc.com/slovak-republic/corporate/withholding-taxes

 

[JackieTsan]

He is taking about this one
https://taxsummaries.pwc.com/slovak-republic/corporate/withholding-taxes

Thank you very much @daniels27