Hey folks,
I currently live in Spain and work remotely for a US company with my compensation around $100k/yr.
With this income I'd have to pay approximately 40-45% as taxes which is too much but I'd still would like to have an "official" source of income.
So I'm thinking about becoming a self-employed and receiving let's say $30k/yr into my self-eployed bank account to pay 25%-30% taxes only from this amount. The rest $70k/yr I'd be receiving into EMIs. My company is fine splitting my paycheck into as many separate payments as needed. Any thoughts? Thank you!
I currently live in Spain and work remotely for a US company with my compensation around $100k/yr.
With this income I'd have to pay approximately 40-45% as taxes which is too much but I'd still would like to have an "official" source of income.
So I'm thinking about becoming a self-employed and receiving let's say $30k/yr into my self-eployed bank account to pay 25%-30% taxes only from this amount. The rest $70k/yr I'd be receiving into EMIs. My company is fine splitting my paycheck into as many separate payments as needed. Any thoughts? Thank you!