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The above does not make sense to me. The Greek CFC laws are 4172/2013 and 4174/2013. These are the laws that state that when the effective management is from Greece, then the company will be taxed as if it was Greek. These laws also state that this applies only for passive income companies...

According to a source I have in Romania Reaching the VAT treshold: the 300.000 lei is tied to a set Euro exchange value (in this case the one registered when Romania joined EU: 3.3817 lei/eur). 300.000 Lei / 3.3817 = 88.700 euros. So this is the real VAT threshold ! I am still puzled.

Hi Would you PM me? I am also from Greece and I am sure I can learn a couple of things that you did right.

And now the bad news, more conflicting info: Romanian entities carrying out economic activities in excess of the small undertakings threshold of EUR €65,000 (approximately RON 220,000) are required to register and account for Romanian VAT. If the annual turnover is below EUR 65,000 such entity...

I just cleared this up. You are right if the product is 100% digital. I was talking about online sessions, lessons or consultation via ZOOM. In this case, even with EU clients, the Romanian threshold for VAT is 60.000 euros. I would not need to register. I just talked to a Romanian lawyer about...

Moderator, please delete this thread. I am sorry, I have asked a related question before. However the answers I got were conflicting with what accountants told me, this confused me very much. Sorry again!

Hello I am examining the Romanian micro company for a business that offers ZOOM online sessions (consultancy, remote lessons etc) to individual (not business) clients all over the world. I was told that the VAT threshold is 60.000 euros. ie if the yearly revenue is bellow 60.000 euros, the...

@punkstar69, I did PM you!

May I ask again, what is the point of spending money to pay nominees?

I also think that all conditions must be met. Have you found a definite answer? (Greek here)

Hello Please allow me to ask and learn... If there is no passive income, the foreign company is not considered CFC? The effective management will be in Greece though, this will show up on an audit. So it will be taxed in Greece, even if it is not CFC? See what I am missing here?

Thank you, this is a great resource! You mean something like this? Automated Sales Tax, VAT & GST Software - Quaderno Which other software would you recommend? You mean they should but they do not do it because trhey can get away with it? Just like the non-EU companies should but they do not...

Thank you very much Sols! 1) So if I sell to a German, I will have to calculate and charge the German VAT and give it to Germany. If I sell to a French, I have to calculate and charge the French VAT and give it to France. An so on, right? 2) And I have to do the above for all countries in the...

Actually, forget about the educational character of the company. I am trying to understand how VAT works, for any business with revenue less than EUR €65,000.

Hello Consider a company that does online live lessons, mostly B2C and very little B2B. I am reading: "Romanian entities carrying out economic activities in excess of the small undertakings threshold of EUR €65,000 (approximately RON 220,000) are required to register and account for Romanian...

This is what Stripe/Atlas program does. I have already researched it. I can't add a link, so google for: "Why is Stripe Atlas Bad for Foreigners?"

I do understand, don't worry about anything. I appreciate the time people spend to give me valuable information from their experience. To give you an idea what we are facing here, last year I was talking to my Greek accountant. For 10K business profit (before tax and various...

Thank you Jackfrost. I appreciate honest advice. Clears the misconceptions from offshore sellers.

I am sorry, "move your butt" means "relocate to low tax country"? I have a family and kids, relocating to another school is a problem. So nominees are not a safe solution? Thank you for your advices all. I understand now that 30K is too little, but I do like to educate myself.

I know. Banking and the CRS rules is my biggest concern. Last edited: Jul 28, 2020