How to avoid taxes for selling virtual item based sites?

Status
Not open for further replies.

velututax

New Member
Apr 1, 2018
8
0
161
I have a simple membership based (selling virtual items) site earning 1000-2000 usd monthly average.
I am from Eastern EU.
My business is worldwide and I have blocked my own country from accessing to it.
Payment gateway is US Based and I have both payoneer (virtual US and EU Bank ACC) and my friend's real US Bank ACC -however he isnt living in US and he isnt a US citizen.

-If I get my deposits into that bank acc from payment gateway and cash it in any ATM(VISA-MC Network) in my country then this will not a problem with tax and bank?

I talked with my payment gateway and they said you dont have to enter any tax form because you are not a US citizen and resident.
But what if IRS or US Bank or Payoneer report my earnings to my Country's Tax authority?

-Or should I have to create a seyschelles - belize based company and get a bank acc from there and cash with it?

- Is there any benefit to open a offshore company in my current situation?
 
Payment gateways usually work only with US or EU entities. There usually do not work together with Belize or Seychelles companies at all.
 
I agree with @therealmarv however, there are 3rd party providers that may work for you like 2co, First Atlantic processing and a few more that I would recommend you try to Google

Toggle signature

Latest Video Interviews, Offshore Company Resources, Payment Processing Tips & Tricks, Articles and Anonymity Hints only a click away!
Support the Freedom of Speech of our Community

Disclaimer: Nothing I say should be taken as tax, legal or financial advice. Anything I say is for general informational purposes only. Always seek independent professional advice.
 
You can setup a company for instant in Cyprus and use the LOAN model to pay out money from the company to you tax free.

In order to use the loan model you will need to make use a of a good tax advisor and a tax lawyer, this means the amount you want to pay taxes from has to be high at some point in order to cover the costs of the professionals.

Toggle signature
NOTE ADD BY ADMIN!!

This account has turned into a ROBOT account because it has lots of useful threads and posts. It is a locked account with no access by any human, means you won't get any answers.

!! Advertising !!
!! Total Privacy and Anonymity - Mentor Group !! || !! My Private List of Trusted Service Providers !!
 
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