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Do you really need a full audit, because your annual turnover is over 200K in a year?

How do you get to that conclusion? Because even the tax hell Germany does not require you to prove that you moved your tax residency elsewhere, all you have to do to leave Germany's tax system is to announce that you leave, and cut ties (move out of Germany and terminate your rental contract...

This should be a warning to all of us; Never trust anybodys advice, not even if it is coming from a big law firm! Always do your own research, and double-check.

It looks like you wrote your reply while I was writing and submitting my last post above, therefore not noticing it. Is the "one law firm" you are referring to the source I quoted there?

Update, I found this: "The permanent residence permit is also necessary for the foreign individuals to register as a taxpayer in the RUC and thus liquidate their taxes, according to General Resolution No. 79/2021 issued by the Undersecretariat of State for Taxation (the “Tax Authority” or...

I'm sure I read it one several websites shortly ago, but as I wasn't able to find them anymore, maybe I confused the new requirement of being a temporary resident first for 2 years, before you can get the permanent residency, with becoming a tax resident. Because, after all: Why would a country...

Regarding Parguay, please note that Paraguay recently changed their law. According to that, you can be considered to be a Paraguain tax resident, ONLY AFTER you obtained permanent residency. And for that you can apply for only after 2 years of temporary residency (or 3 month before it would...

May I ask what you mean with that "proper planning" and the "combination of corporate and personal tax", and how that could be beneficial? Because normally, a business owner should not pay himself a salary, but just take out dividends, to avoid social contributions and maximize profits. I...

What I really don't get why they would not limit the increase only to big multinational corporations with an annual turnover of 750 mio, as that would satisfy that socialist OECD agenda of a "global minimum tax" of 15% for such companies, but at the same time would still keep the low taxation...

As I just noticed in a recent article, published in the "Cyprus Mail", the Finance Minister of Cyprus, Mr. Makis Keravnos, also isn't capable of doing simple math, as the mentioned piece writes: "Keravnos described the proposed increase from 12.5 per cent to 15 per cent as “marginal and small”...

Do you recommend this for things like registering for VAT, also? As I would be reluctant to pay some tax professional 500,- Euros or so, just to do something easy like that, what I could do myself online on some government website in 10 minutes ..

What I actually wanted to write was "strongly advise against ..", of course.

Yes, and their fees would most likely also depend on the amount of transactions the business has created in its bank account. What is a price range for an audit in your experience, @daniels27?

I'm not sure if it is turnover or profits, so please verify that yourself, you should find information when you google for "Cyprus Audit relief small companies 200.000" or so. I'm not even in Cyprus yet (but I do plan to go there within the next 2-3 years). I strongly advise to use ChatGPT...

And what is the situation, if a founder of his own Cyprus company employs himself as the only employee, but has no office space rented, because he solely works from his apartment, so technically that is not "working remotely", but in his company's "office", which is a room or work corner with a...

Yes, you could use nominees, but if I understood correctly from information in other threads that could / would getting and keeping bank accounts harder.

Are you aware that your Cyprus LTD is exempt from submitting full audits, if your annual turnover is below 200.000 Euros? If so, you don't need an audit; an annual review by an accountant would be enough, and that is much cheaper than a full audit! I have the impression that troughout your...

We are talking about the consequences of § 2 Abs. 1 S. 2 AStG, and from that perspective only the German rules on PE establishment is of relevance. Please watch the video I recommended, there the tax lawyer explains why there is reason to assume this will be enforced more strictly in the...

Yes, but that would require to have and maintain costly substance in Estonia, because otherwise it is not accepted as a real PE (but as a fake "Briefkastenfirma"), and therefore would trigger § 2 Abs. 1 S. 2 AStG again. The definition of what establishes a (real) PE can be found in § 12 AO of...

If you "on paper" run your business from some fake or real place in some country and give that address as your place of business for your bank account (purpose), the bank would report your account to that country (CRS!), and sooner or later their tax man would knocking at your door. And when...