If someone founds a non profit in another country, will the non profit then be considered tax resident in the country of resident of the founder/director?
In the country of residence recognised non profits do not pay taxes. In the country of the non profit recognised non profits do not pay taxes. But the non profit is of course not recognised in the country of residence, so if the country of residence would claim tax residency for the non profit, then the non profit would have to pay taxes?
How does this work?
In the country of residence recognised non profits do not pay taxes. In the country of the non profit recognised non profits do not pay taxes. But the non profit is of course not recognised in the country of residence, so if the country of residence would claim tax residency for the non profit, then the non profit would have to pay taxes?
How does this work?