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Stripe / PayPal technically a bank account (for tax reasons)?

drowny1907

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Feb 16, 2018
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I have an offshore corp and live in a country where you don't pay any tax on worldwide income as long as you do not bring it into the country, so all the money the corp is creating is going into LeuPay and never enters the country I am living in.

Since Stripe is not supporting the country of the offshore corp, I created an account under my own name since the country I am living in is supported. If payments go into Stripe now, is the money technically entering the country I am living in? Or does it only matter to which bank account I transfer the money out of Stripe?

Thanks
 
the money technically entering the country I am living in?
You would need to consult a tax lawyer or accountant to get the right answer. But as it is in the country where I live then the answer is YES you will have to pay tax from the money now!
 
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