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Offshore / freezone company as a Spanish resident - how is tax calculated?
Hey guys, I am currently resident in Spain. I use automated trading algorithms (crypto) as a means to generate an income. Lots of small trades, lots of small profits - and lots of taxable events. Can be around 200 trades a day. As you can imagine it makes accounting a nightmare. Moving to a...- DrunkFlamingo
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- Replies: 5
- Forum: Offshore Company
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Renouncing tax residency (Spain) - still liable for tax after I leave?
I don't have a budget set currently. Partly because I haven't looked too deeply into relocation costs yet, and partly as it depends on what the best solution is going to be. It really comes down to if it makes sense to relocate. If considering everything (taxes, time cost, stress, financial...- DrunkFlamingo
- Post #8
- Forum: Tax, Accounting, Licensing & Legal
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Renouncing tax residency (Spain) - still liable for tax after I leave?
I'm not Spanish, and I don't particularly like Andorra. If I am going to move I figure I might as well do it in a way I like, or I can just pay the tax and stay where I am. I have multiple passports and friends and family all over the world, so being a bit of nomad works for me. So far the...- DrunkFlamingo
- Post #6
- Forum: Tax, Accounting, Licensing & Legal
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Renouncing tax residency (Spain) - still liable for tax after I leave?
Hey Sols, I had a feeling you might shine some light on this, so thanks for your response. I actually have a call scheduled with a tax lawyer next week, so will see what they advise. I have read here that obtaining tax residency is better than just regular residency if you need to provide...- DrunkFlamingo
- Post #4
- Forum: Tax, Accounting, Licensing & Legal
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Renouncing tax residency (Spain) - still liable for tax after I leave?
Hi guys. I am currently resident in Spain, and having made realised gains in crypto and using algorithmic trading (lots of small trades with small profits, ie. taxable events) I realise I already will need to pull my pants down for the Hacienda. Looking to the future, I would prefer not to be...- DrunkFlamingo
- Thread
- Replies: 9
- Forum: Tax, Accounting, Licensing & Legal