I have an Irish company and I am a spanish fiscal resident. In Spain, i am a sole trader (trabajador autonomo). Can I invoice my own Irish company? I wonder if I could be the supplier of my own company, invoice my company. This would be the same issue with any foreign companies (Cyprus as local company, Estonia, usa ).
Furthermore, when there there is a corporate tax, the dividends are paid after the corporate tax. When you invoice your company it is an expense and it comes before the profits. It means that with my Irish company, if I take 100 euros dividends out of 1000 profits, I have to pay 12.5% corporate tax on my 100 euros dividends. Not that much for sure. If I invoice my Irish company 100 euros, I have no corporate tax to pay on it because it is part of expenses. I just have to justify my work for the company.
Normally, dividends are paid once or twice per year everywhere in Europe. dividends are not paid every month otherwise they are considered to be salary. I have heard that in Estonia, some people have setup companies and paid themselves salary every month and it was reclassified as salary but those people where estonia fiscal residents.
Anyways if you have any ideas how to create a setup to bring back the money, please share it!
Furthermore, when there there is a corporate tax, the dividends are paid after the corporate tax. When you invoice your company it is an expense and it comes before the profits. It means that with my Irish company, if I take 100 euros dividends out of 1000 profits, I have to pay 12.5% corporate tax on my 100 euros dividends. Not that much for sure. If I invoice my Irish company 100 euros, I have no corporate tax to pay on it because it is part of expenses. I just have to justify my work for the company.
Normally, dividends are paid once or twice per year everywhere in Europe. dividends are not paid every month otherwise they are considered to be salary. I have heard that in Estonia, some people have setup companies and paid themselves salary every month and it was reclassified as salary but those people where estonia fiscal residents.
Anyways if you have any ideas how to create a setup to bring back the money, please share it!
