Recent content by jkk

Hello, I am wondering if the cash exchanges in Dubai report your exchanges to your home country, as they ask for passport and phone number. Does anyone know?

For a digital product would only country suffice or you need the exact street address as well? To determine VAT rate, from what I've read under 100k/year you only need 1 proof of customer's location. Over that, you need two proofs (for example, address and IP) that are not contradicting...

As the title says: What customer data do you need to keep when selling electronic goods? What is the bare minimum? I would guess that IP, geolocation and customer's specified country is necessary for VAT purposes. Do I need to keep the email as well? Name, surname?

Can you post the source of this data? Asking because in my country during november vaccinated people were infected twice as less, hospitalized 4x less and died 10x less.

Not an option. You need to get customers VAT registration numbers and put them on each invoice. Even if everyone fakes the number, during an audit the tax authority will notice that these fake numbers on invoices do not match the companies or the payments have not been received from the...

If your dividend is 80 and you pay 20, you have paid 20% tax on your earnings. In other words, you earned 100, out of which you pay 20%. In my experience taxes are never calculated from the net amount. Otherwise you could call 55% salary tax in some countries 122% tax. Because from your 45, you...

If you go bankrupt as a private person, wouldn't the creditors also be able to take your shares in the offshore companies? If I'm not wrong, to stay compliant, you need to declare them, so it is no secret you have them.

Hello, When moving from your home country to a tax haven, it is often recommended to break ties with your home country. Is 183 days not always enough? For example, I move from my EU country to Monaco (where I rent) and actually spend, lets say 7-8 months there, however I do own a couple of...

In this case how is the money moved to their UAE savings accounts while being a tax resident in their home country? Invoicing your home countries company from the UAE company? What are the invoices for? I would assume invoicing consultation and stuff like that would result in a lot of questions...

Thanks. I just checked and the limit of value is around 400 EUR in my country above which the customs duty and VAT has to be paid. Given that, for example, Hermes items are 20% more expensive than in the EU it does not make sense to be shopping here especially with the risk of having to pay VAT...

Hello, I’m from EU and was shopping in the Dubai mall. The shops offered to get the 5% VAT back in the airport. Are these purchases reported to the home country? Are there any catches, for example my home country potentially asking for the local VAT?

What is your point? You are still going to pay a lot in your home countries income and social taxes ‍♂️