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    Common Reporting Standard / Revolut CRS

    We're talking about an account that the taxpayer reports himself on the tax return. If not reported then the risk is higher. Tax offices in those countries will not ask for all transactions for every foreign account of their residents. They don't even check most transactions for domestic...
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    Common Reporting Standard / Revolut CRS

    Only end of year balance is reportrd. If that is 0 or a low amount and you have reportrd the account then it's not that likely that they will ask for more information.
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    Onsite consulting is tax-free when living in a territorial tax regime?

    However in the case of Malaysia offshore income that you remit to Malaysia is taxed (if you report it). Malaysia is no longer territorial tax since 2021, but only taxed offshore income that is remitted to or received in Malaysia.
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    Penalties for late PE registration?

    What taxes are there in EE if the company didn't distribute any dividends? Is it sure that the tax office would know/enquire about if the SG company had a PE in EE previously?
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    How to justify income of a llc us to open a bank account in SG or CH

    If you need to make eur and gbp transfers then UK is better than SG. Not sure about SG wire fees, but quite cheap from UK in usd also. Not eu UK resident.
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    Please explain Transfer pricing to me and how it works?

    However the UK does have an exemption for most small companies. Not sure about what rewuiments Croatia has.
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    Please explain Transfer pricing to me and how it works?

    Transfer pricing generally means that you should charge the same rates as you would to other non connected companies, or that other companies would have charged you. You might need to document how you determined the prices, the requirement for this documentation varies, as is quite substantial...
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    How to justify income of a llc us to open a bank account in SG or CH

    I needed a gbp account, and UK also has free sepa eur transfers. Lower fees than SG.
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    How to justify income of a llc us to open a bank account in SG or CH

    See my post above. UK
  10. X

    How to justify income of a llc us to open a bank account in SG or CH

    They didn't ask me for any documents (apart from adrres proof and id) for the personal account. I'm not UK resident or citizen.
  11. X

    How to justify income of a llc us to open a bank account in SG or CH

    You could make financial statements for the llc. Can be quite simple, the income and some expenses if any, showing the profit. I've personally never been asked for any documentation proving wealth when opening bank accounts. Recently opened a UK account with HSBC, also no proof of wealth...
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    Countries without exit tax

    In the countries that has a corporate exit tax (or similar regime), I assume this is still only relevant for some types of companies? If for example you have a simple ecommerce drop shipping company that doesn't own any physical assets, what would be the capital gains that the company is taxed...
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    Gibraltar vs BVI

    How do you apply for tax exempt status in Gibraltar?
  14. X

    Spain double tax

    I don't think this is correct, they write having your "main base or centre of activities or economic interests", I read it as main base (...) of economic interest. So if you live in another country and have that other country as your main base of economic interest then you can still have a...
  15. X

    Countries without exit tax

    Shouldn't this be possible in Singapore? They have some exit tax on certain pension type accounts, but not on the company and company shares as far as I know. The company can move out of SG and cease to be a SG tax resident if managed from another country. There must be many other low tax...
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    TIN at Revolut

    You're wasting your energy fighting the banking rules. You can't have an account with them if you don't provide a residency address and TIN a supported country.
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    Do I need to pay taxes in USA as european company

    Customers in USA doesn't equal ECI. There's many other treads about this, do a search.
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    TIN at Revolut

    It seems normal to me that they want a TIN for the country of the address on the account, why do you expect them to accept a foreign TIN in another country than the one you tell them that you live in? Is it possible to change the address on the account to your country A?
  19. X

    Do I need to pay taxes in USA as european company

    yes, if you define "business activity" = ECI.
  20. X

    How exactly does ACH withdrawal from pooled USD account work?

    A few years ago the big banks didn't care if the receivers name on the ACH transfer didn't match the account name, not sure if this is still the same today. Maybe it could trigger a review if you received many transfer to different name, but I received transfers sent to a company name in my...

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