Recent content by joshuarex

Hello all! Sorry for not a very smart question (and most probably - locally related), but it's tough to get info here in Lithuania that would answer my questions specifically. So the question is related on how does, generally speaking, you could lease a car and write it off as a business...

Yes. I'm thinking of registering a company here in Lithuania (as fast as possible, though) but not "really" showing everything 100%, just not sure how exactly (mainly - due to this VAT thing, as the thread evolved...).

Would it be possible to give me a bit more info on the generally you will mostly "forward" it to Lithuania gov ? Do you refer to just getting VAT returns in a tax season?

Hey! I'm actually based in Lithuania, but we're neighbours here (living next to each other). I believe so as well, since it might be a bit too complicated as well as "my head would explode" of everything, it's just I'm trying to look in case I have some options here to, i.e., get around this VAT...

Mhmm, I don't have a VAT ID as I'm not registered as a VAT payer (yet). So if I do get a VAT ID from my local country, I would input to Facebook and all my transactions will have that 21% VAT? Or is it working differently? Because how I understand this is that if I do register myself as a VAT...

Thank you, @John Dee ! I did quite a research just recently, and I realise that I really don't have much issues paying for my 15% tax off of my withdrawals for my personal use, even though I was just realised that I have another issue/thing to think about - > Since I'm running a dropshipping...

Thank you for your answers, all! Really, really appreciate those! One more question though in this manner - what if I would open up a Bank Account in US (as per @<<snippet>> post on non-CRS countries) via Stripe Atlas (https://stripe.com/atlas)? It seems that they're offering one with Stripe...

Hello, and thank you for your answers! Really appreciate! @mange38 , I do have opened a "Sole entrepreneurship" business in my own country, but we probably cannot even call it a company. I'm not really looking into investing so Estonia might not work for me. I really do think right now of...

Hello All! First and foremost - I've read the forum for the past 3-5 days and the information I've gathered is insane! It really changed my way of thinking of the whole privacy thing, as well as taxes, etc. Nonetheless, I live in one of the Baltic countries, and have an eCommerce business...