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banafinfodafuggiano's latest activity
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Bbanafinfodafuggiano reacted to daniels27's post in the thread Hong Kong Ltd VS US Ltd VS UK Ltd with
Like.
Honestly, it depends on what they do. But for high turnover and high amount of transactions, it is not uncommon. We pay more than that... -
Bbanafinfodafuggiano replied to the thread Hong Kong Ltd VS US Ltd VS UK Ltd.My customers are across the globe, except Asia. I charge AUD/NZD/USD/GBP/EUR because I run 30+ stores at the same time, however right...
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Bbanafinfodafuggiano replied to the thread Hong Kong Ltd VS US Ltd VS UK Ltd.Alright, I will ask several questions to the Singaporean tax advisor and I'll report back here in a couple of days. I would need a real...
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Bbanafinfodafuggiano reacted to daniels27's post in the thread Hong Kong Ltd VS US Ltd VS UK Ltd with Like.
Yes that's exactly what I told him in the other thread. Could we maybe not discuss the same twice...
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Bbanafinfodafuggiano reacted to daniels27's post in the thread Hong Kong company: Is a Salary Taxed in Hong Kong or not? with Like.
I replied you in the other thread. Please let's close this one here...
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Bbanafinfodafuggiano replied to the thread Hong Kong company: Is a Salary Taxed in Hong Kong or not?.Do you have a solid source that clearly states Singaporean company can definitely be 0% Tax if there is foreign income, the director is...
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Bbanafinfodafuggiano reacted to daniels27's post in the thread Hong Kong company: Is a Salary Taxed in Hong Kong or not? with Like.
For Singapore, your profits will be tax exempt if you do not remit the money to Singapore. Hence, it is 0%, not 17%. The director's...
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Bbanafinfodafuggiano replied to the thread Hong Kong Ltd VS US Ltd VS UK Ltd.I'm 99% sure Singapore taxes non-resident directors at a 22% fixed rate, can you double check this? I have a call with a Singapore Tax...
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Bbanafinfodafuggiano reacted to daniels27's post in the thread Hong Kong Ltd VS US Ltd VS UK Ltd with Like.
I smell bananafudgio. Hey, how about we stop 10 threads on the same matter and focus on a solution together? You, @Roo @tnt500 and me...
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Bbanafinfodafuggiano replied to the thread Hong Kong company: Is a Salary Taxed in Hong Kong or not?.The problem here is, Singapore taxes non resident director salaries at 22%, and corporate tax is 17%. Meaning that if I get dividends...
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Bbanafinfodafuggiano replied to the thread Hong Kong Ltd VS US Ltd VS UK Ltd.Today the Tax planner literally said this (it costed me $800 USD for a consultation) , it's unbelievable, each tax advisor I speak to...
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BI don't think the percentage is an issue rather the amount. You can pay yourself 100% of a company pre tax profits if the number is...
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Bbanafinfodafuggiano replied to the thread Hong Kong Ltd VS US Ltd VS UK Ltd.Do you know if that also applies to salary income tax paid from the HK company to the non-resident directors? Paying corporate tax in...
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Bbanafinfodafuggiano replied to the thread Hong Kong company: Is a Salary Taxed in Hong Kong or not?.Why is Singapore better? even if the offshore tax exemption is denied, it's still a 8.5% Tax plus 16.5% on anything above 2 million HKD...
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Bbanafinfodafuggiano replied to the thread Hong Kong company: Is a Salary Taxed in Hong Kong or not?.There is no corporate Tax in Hong Kong for foreign sourced income, an exemption can potentially be applied in my case. If not, then...
