Recent content by taoasher

The new tax regime is intended to apply only to income derived from activities that are performed exclusively in or from within a Free Zone. This is known as 'Qualifying Income', which includes income derived from transactions with other Free Zone Persons as well as domestic and foreign-sourced...

Also interested in this setup. I guess one would need to consult a good tax advisor in TH for this to be bulletproof. To what extent would the manager need to run ops etc

bahrain, singapore, monaco, italy ‍♂️ Good ol' Henderson

not a fan of this vid for some reason

PE and POEM rules are about the tax residence of the business. Usually if you have the power to and exercise the concluding of contracts/sales in a country and/or make high level business decisions then you'll trigger PE/POEM and be liable in said country. I do think this is pretty hard to...

Excellent reply. Thanks Sols.

interesting. Care to elaborate on the situations where/how said country took action? Or maybe point me to the resources?

Let's say I was a resident of UAE with UAE FZ company - 0% tax. Then I chose 2/3 countries to live in during the year for just 3 months each (rest of the year in UAE) E.G Canada Italy PE/CFC would be triggered. But in reality would this ever become a problem? Has anyone seen a country...

I am interested in this too. How likely is PE an issue in reality, while "living" in 2 countries for 3 months a year each

Have changed to Thai address uploading contract and utility bill (from the residence) Will let you know how that goes.

I moved from Australia, with a personal Wise account that's linked to my AU residency I now live in Thailand, and am no longer an Au tax resident. However I still want to use Wise for expenses, but don't want AU knowing about the income in there, because even though I'm not a resident I...

How important is the remittance rule? Moving to TH and want to bring in $$ for rent & living, but it's been made this calendar year. Worth declaring?

What law firm did you visit? Am looking at running the same setup, but am worried that at anything above 7 figures things start to become more 'dangerous'

Nice. I'm thinking of using them instead after dabbling around with both. Their Treasury seems pretty great too!

What did you end up going with? Lots of really bad reviews for Novel..I'm using them for small amounts.