Hi guys, here i'm asking for your best advices on what to do with this situation.
Basically in 2019 I opened an LTD company in UK from my homecountry.
That year my italian solo entrepreneur business was still active and I made just a few thousands bucks with the UK company (and I've got roughly 3/4k) on my Revolut account as dividends.
The plan was to move out the country in 2020, so I did close the Italian VAT by the end of 2019 planning to move out the country in March.
Then the f*****g covid came to life and I WAS FORCED against my will to stay in my home country till June and then obviously for the tax purposes it means that I spent the fiscal year there.
Just right before the lockdown I've got around 15k in dividends as well on my foreign Revolut account.
I invested that money in stocks with a good gain of about 20k.
In 2021 I finally moved out.
Now it's time to present my fiscal declaration for the past year and I don't know what to do.
Some people told me to pay for the dividends and that's it, while some others told me to pay for the dividend and also the capital gains made.
Some other people told me to DO NOT declare anything, since can trigger an investigation for the foreign company on my name and just lead to more troubles.
The fines for not declaring anything are around 2/3x of what you should pay.
Taxes are 26% on everything: dividends, capital gains and corporate taxes.
I'm not even sure that Revolut was communicating with the country at that time, since they sent me a message just few weeks ago, telling me that they should start to do so, and to confirm my fiscal address (which now is not the Italian one anymore).
What would you do in my position?
Practically speaking if I don't declare anything I risk to get fined and pay 2/3x what I shoud.
If I declare something they said the tax guys could tell me that my company should be in Italy at that time since I was living there, and this could be a big mess.
Please help me to solve this puzzle![Big Grin :D :D](data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7)
Basically in 2019 I opened an LTD company in UK from my homecountry.
That year my italian solo entrepreneur business was still active and I made just a few thousands bucks with the UK company (and I've got roughly 3/4k) on my Revolut account as dividends.
The plan was to move out the country in 2020, so I did close the Italian VAT by the end of 2019 planning to move out the country in March.
Then the f*****g covid came to life and I WAS FORCED against my will to stay in my home country till June and then obviously for the tax purposes it means that I spent the fiscal year there.
Just right before the lockdown I've got around 15k in dividends as well on my foreign Revolut account.
I invested that money in stocks with a good gain of about 20k.
In 2021 I finally moved out.
Now it's time to present my fiscal declaration for the past year and I don't know what to do.
Some people told me to pay for the dividends and that's it, while some others told me to pay for the dividend and also the capital gains made.
Some other people told me to DO NOT declare anything, since can trigger an investigation for the foreign company on my name and just lead to more troubles.
The fines for not declaring anything are around 2/3x of what you should pay.
Taxes are 26% on everything: dividends, capital gains and corporate taxes.
I'm not even sure that Revolut was communicating with the country at that time, since they sent me a message just few weeks ago, telling me that they should start to do so, and to confirm my fiscal address (which now is not the Italian one anymore).
What would you do in my position?
Practically speaking if I don't declare anything I risk to get fined and pay 2/3x what I shoud.
If I declare something they said the tax guys could tell me that my company should be in Italy at that time since I was living there, and this could be a big mess.
Please help me to solve this puzzle