The rules really depend on the country and vary a lot. But in general, you only pay tax on the money you spend/remit in the country. For Cyprus, you only pay tax on income accrueing or arising in Cyprus. For Ireland, you can remit all money you made prior to become a tax resirent. Malta also taxes capital gains from Maltese source. The UK one will probably be cancelled soon.
What country would you choose to relocate to avoid taxes?
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As far as I know, the rules are the same as for everyone else. You are only considered tax resident if you spend 183+ days per calendar year in Thailand.
Tax residents pay tax on their global income now. But if you spend less than 183 days there, no tax.
Tax residents pay tax on their global income now. But if you spend less than 183 days there, no tax.
180 days:
https://taxsummaries.pwc.com/thailand/individual/residence
Also observe the PE rules, your company may be deemed having a PE earlier.
https://taxsummaries.pwc.com/thailand/individual/residence
Also observe the PE rules, your company may be deemed having a PE earlier.
Right, sorry, 180 days, and remitted income only (though tax on global income is being discussed).
Seems highly unlikely in Thailand. I doubt anyone has ever heard of that being applied, unless you have local clients/workers etc.
Seems highly unlikely in Thailand. I doubt anyone has ever heard of that being applied, unless you have local clients/workers etc.
Unfortunately, the options you listed are located in the open air gulag that the EU became, and even CH can't escape its proximity. Even Panama would be a better option than these in many ways.
It looks still suitable for individuals with income from outside of Panama. I remember there might have been a change regarding residency/citizenship a few years ago. I don't have any personal experience though.
https://taxsummaries.pwc.com/panama/individual/taxes-on-personal-income
https://taxsummaries.pwc.com/panama/individual/taxes-on-personal-income
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