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What's the use of elect volunteer a 1% tax?

rockrock

New member
Oct 1, 2018
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St Vincent LLC's and others allow to opt-in for a 1% tax.

https://www.offshorecorptalk.com/th...renadines-svg-ibc-territorial-taxation.30293/What's the use of that?

Like you mentioned the point of paying the 1% tax is to ensure your IBC gets a tax certificate. Your just basically paying for a tax certificate. Also showing your company has been subject to corporate tax may also help in certain structures and countries where untaxed income may otherwise be treated differently.