Belize introduce corporate tax of 1,75% to please the banks.

Status
Not open for further replies.
Let's consider both scenarios if you‍ do not mind.

Let me guess.

If you sell to anyone locally in Belize (which⁠ can strictly never be totally prevented even if trying a customer might circumvent this) then⁤ I guess it's a Belize tax resident? But to what extend? On the part sold⁣ in Belize? Or the company's worldwide income? Really a Belize tax resident just because having⁢ Belize customers? Consider the following.

I was also hearing from multiple sources that if an︀ USA 1 person LLC by a non-resident (no greencard, no substantial presence test positive, no︁ USA citizenship) is a disregarded entity for tax purposes for foreign source income. USA source︂ income however needs to be taxed. But then also simply having USA customers and no︃ PE does not result in fulfilling the legal definition of USA source income. (Confirm this︄ by yourself if you are after this, dear reader. This is just for comparison.)

If only selling to non-Belize then not tax resident in Belize and thereby effectively no tax︅ resident anywhere?
 
I am learning. It might actually make sense.

https://www.offshorecorptalk.com/threads/whats-the-use-of-elect-volunteer-a-1-tax.34125/
Learned a deal breaker for my‌ current situation.

https://www.offshorecorptalk.com/th...ryptocurrency-prohibited-from-feb-2019.25510/
But Belize is still interesting for future businesses.

I got confused︁ by the rules mismatch. This guy explained it to me:






Just because the Belize company︂ is non-resident in Belize doesn't automatically mean it's resident elsewhere. Just need to follow each︃ country's law.

"(2) This Act shall not apply to a commercial entity that is controlled︄ and managed outside of Belize and is tax resident in a jurisdiction other than Belize."︅

"Controlled and manager outside of Belize" Yes

"tax resident in a jurisdiction other than Belize"︆ No

Therefore the ESR act applies. Going back to Belize introduce corporate tax of 1,75%︇ to please the banks. I am excluded.

Would I be able to pay the 1,75%︈ even though the company would be non-resident in Belize? I guess so. Not only be︉ able. But must. That's how this discussion started. Please correct me if I am wrong.︊

Am I am excused to be confused by all of this complicated rules? 🙂 What I︋ mean to say, I am really thankful for all of this forum!
 
Status
Not open for further replies.

JohnnyDoe.is is an uncensored discussion forum
focused on free speech,
independent thinking, and controversial ideas.
Everyone is responsible for their own words.

Quick Navigation

User Menu