Personal Liability

[proples]

As many of you know, Seychelles IBCs are now required to submit accounting records, if not they are subject to a $10.000 penalty fine.
Question is, if I simply ignore them and move all the funds out of my company name, is there any way they could possibly get me to pay this?

 

[Martin Everson]

proples said:
Seychelles IBCs are now required to submit accounting records, if not they are subject to a $10.000 penalty fine.
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You are actually required to submit last 7 years of accounts if you have not already done so by 6th Feb 2022.


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Accounting records between 1st Jan 2015 to 31st Dec 2021

All Seychelles IBCs' historical accounting records dating back to 7 years prior to 31st Dec 2021 must be delivered to the entities's Seychelles registered office before 6th Feb 2022.

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proples said:
Question is, if I simply ignore them and move all the funds out of my company name, is there any way they could possibly get me to pay this?
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Seychelles cannot enforce anything. Only thing they can do is if they have a DTA/TIEA with your country they can ask for assistance. I think just them officially informing you they plan to pursue you will force most people to cough up the cash. Most people don't want a Seychelles taxman speaking to a taxman in their resident country nai¤%.

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Please note my posts should not be taken as financial or tax advice. Please seek professional advice in that respect.

 

[proples]

Is that a comprehensive list of countries? My country isn't listed there

 

[bonox]

Martin Everson said:
Most people don't want a Seychelles taxman speaking to a taxman in their resident country nai¤%.
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it is not going to happen, have a few companies there all filed dormant even if I use them every day, costed me a few hundred.

 

[Martin Everson]

proples said:
Is that a comprehensive list of countries? My country isn't listed there
Click to expand...

Yes that's from government website.

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Please note my posts should not be taken as financial or tax advice. Please seek professional advice in that respect.