And the article says
Based on the language used in the legislative documents, we believe that the reporting obligation will not apply to financial institutions outside the EU
Maybe it can be avoided by using US LLC through Stripe and fall under their US regulations instead of EU regulations.
The UK LTD VAT threshold of 85k GBP per year will be lowered for digital products i think. If not, just load balance the transactions through 5-6 LTD's to avoid VAT.
Always...
He is wondering how each country are able to identifying the person being reported, if the country don't have a system with Social Security numbers and so on.
Many rules and taxes for Cyprus companies is being introduced from 31 dec 2022.
https://www.ey.com/en_gl/tax-alerts/cyprus-amends-definition-of-corporate-tax-residency-and-introduc
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