Thailand new change - world wide income at Thai tax levels to be taxed
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I live in malta and I can tell you its the best option in the whole world when it comes to taxation, location (away from middle east, ukraine/ russia and china) which is a big plus, weather is plus, english is a plus, people are decent not the friendlist but are nice, access to EU is great.
CFC rules are there but the concept of non domicile company is fantastic, you can form a company outside malta and manage it, you pay tax on only the money you bring in to︀ Malta, it really helps with tax optimisation. And then, you pay 5k a year and︁ claim non dom status on your foreign income. What else do you want?
CFC rules are there but the concept of non domicile company is fantastic, you can form a company outside malta and manage it, you pay tax on only the money you bring in to︀ Malta, it really helps with tax optimisation. And then, you pay 5k a year and︁ claim non dom status on your foreign income. What else do you want?
Aren't you worried that one day they come and claim that, since you manage yourself your company from Malta, then PE in Matla, then the profit has arisen in Matla, then... retro active heavy pain? Is there not a legal opening for them to do that if they choose too at some point?
The law works differently in Malta for companies as compared to.other jurisdictions . Please read the article below
https://corriericilia.com/publications/resident-non-domiciled-companies
https://corriericilia.com/publications/resident-non-domiciled-companies
Thanks but I think I had read this article and it confirms what I feared at the time. That a resident non domiciled company is taxable on the profits arising in Malta. And since it is controlled and managed from Malta, there is really not much of a gap to prevent them (if/when they want) to claim that because the management/control is in Malta, then the whole profits arise from Malta and should have been taxed, no? That's why this Malta type of company felt like a trap/ticking bomb for me. Maybe I miss something, and I hope for you that I won't be right.︀
You are right, and i was under the same impression before but I have verified it with atleast 3 big law firms on the island, for companies, domicile is the place of incorporation, till the time the company is incorporated outside of Malta with nominee director and has a foreign bank account and does not derive any income from a maltese business or a maltese resident, that income will only be taxed in malta when remitted.
I dont see it as a trap in anyway after doing my own due diligence, Malta is not a tax hell or aggressive like the rest of europe or︀ most of europe. I would say its the best place in the world considering all︁ the chaos thats happening around the world.
I dont see it as a trap in anyway after doing my own due diligence, Malta is not a tax hell or aggressive like the rest of europe or︀ most of europe. I would say its the best place in the world considering all︁ the chaos thats happening around the world.
BVI for now, but i think a wise decision is to choose a jurisdiction which is close by for any emergency.
Going through currently based on a article I read this morning
Time to be economically non-productive
Time to be economically non-productive
hes doing good work. If one is interested (superficially) in Thai affairs, Id say Ben is the best single and easy accessible source available.
Idk if this is only because the agents want money to register us, but..
https://aseannow.com/topic/1342833-thailands-expats-urged-to-register-with-trd-for-tax-says-expert/
https://aseannow.com/topic/1342833-thailands-expats-urged-to-register-with-trd-for-tax-says-expert/
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