Webbers UX
Elite Member
- Apr 3, 2010
- 4,944
- 5,288
Never taken such tax advice from an online forum imo. Go to a lawyer and discuss it with him/her, they know best.
Google Adense: Pay little to no taxes
- Thread starter max8max
- Start date
What country charges 70% tax on 50K? I may be wrong, but you already seem confused.
Lawyers and accountants, at least in my country, just propose you something illegal, becouse they are not used to a similar situation: they are just able to try to make you pay lower taxes without leaving the country (including offshore or something like) and all these methods are illegally (and, moreover, for 50/100k, cost more money than a 10% tax I hope I could find somewhere, such as Bulgaria of wherever). My case is different: I don't want to remain here, I want to leave the country!
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Italy (and maybe France and Greece), including everything like pension. You can see there is another recent thread of a guy from Italy saying more or less the same (even if he is interested in something different like opening a company). Anyway, even 40% like Spain could be high, so why not moving to a country with a 10% (more or less) tax?
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Why wouldn't I move to one of these counties? Because you get what you pay for.
do you mean Panama, Bulgaria and other countries listed here? Generally speaking maybe you can be right, but for a 6 months ..it's worth it
Moreover, Panama have beautiful beaches and Bulgaria is not so bad.
Anyway, I would also try to understand how is the situation of adsense users in Ireland and UK for example (legally speaking)
In the UK if I was earning only 50 - 60k, I would pay myself 10k and run the rest through businesses. ie buy property.
Wilson Grant Fisk
Elite Member
- Nov 10, 2012
- 15,677
- 46,840
So you haven't even spoken to a Lawyer or Accountant to get professional advice but prefer taking advice from random people on an online forum. Good Luck with that.
From the looks of things you aren't making enough yet to consider moving abroad, minimise the tax you pay in your own country with the help of a professional, until you are earning 6 figures p/a it probably isn't worth it.
KHer0
Elite Member
- Mar 22, 2011
- 2,465
- 2,981
Royespra faced the same situation in mexice, he went to Hong Kong, Opened Business bank account, and he gets paid there. Hong Kong has zero taxes I believe. Then he pays himself salary from there. So, he makes 10,000$ each month which he sends to hong kong bank account. Then, he pays himself like 3000$ / month for his living.
I believe taxes in mexico is 30%, so, instead of paying 3000$ .. he now pays 600$
Or you can come to Egypt and pay nothing, it's a shitty country where you can buy the tax men for 500$ and live like a king
I can't wait to get out of here
I believe taxes in mexico is 30%, so, instead of paying 3000$ .. he now pays 600$
Or you can come to Egypt and pay nothing, it's a shitty country where you can buy the tax men for 500$ and live like a king
I can't wait to get out of here
I spoke, but lawyers or accountants are not used to this kind of situations. They (all) just want to make money from you and propose complex solutions that are expensive (for sure, more expansive than a 10% tax) and almost always illegaly or something like.
In any case, I just asked for info. I will not move simply on an advice on a forum, but there isn't any other place where I can meet people from all the world sharing their experiences. After I will investigate deeply on these selected countries, I will make a journey to discover the selected country, and, if everything will be ok, I will also share next year my experience on the forum, so that someone else in the world, having my problems, can be helped.
Moreover I already travelled in a lot of countries around the world (for business or vacation), so I'm absolutelly not scared about: on the contrary, I want to leave my country.
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laur.laurix
Elite Member
- May 8, 2013
- 2,063
- 1,868
In Romania online income is not taxed as long as u earn less than 10.000 euros per month.
Interesting, thank you
I thought less: it's a pity because Mexico have very beautiful beaches
For HK, 10000$ can justify many thinks, but for 4000$ a month unfortunately is not the same, also because, as I understood, is not easy to stay in HK as a freelancer or resident without a company, and the cost of life is high (I can find an appartment in discovery bay that is nice, but is anyway absolutelly not cheap).
Pipelin
Power Member
- May 31, 2011
- 617
- 325
In Macedonia taxes are fixed 10% for adsense earnings (and other similar revenue). Freelancers and people who have made agreement with the company outside country pays 35% (this include pension, health related stuff, traineeship, etc..) read more here.
If you have questions feel free to contact me
If you have questions feel free to contact me
infoasian
Supreme Member
- May 12, 2011
- 1,419
- 438
There is no need to move to another country. Simply live like a tourist and move around to another country after 3 months. You will not be taxable in any countries you stay as long as your payments go to another country, i.e. your old homeland or an offshore account. Look up the principle of a "perpetual traveler" to find more info. This works for thousands of cyber nomads worldwide, some of whom make very large amounts of money. When your earnings grow into six digits use legal entities in places like Hong Kong or Belize to secure your assets. It's all legal - or at least they have no right to tax you. But: you have to move around and may not be able to get health insurance.
It's absolutelly not true for the majority of the european countries (and even of the world): you must stay for at least six months in that countries and sometimes (UAE for example) is not even enough.
Money are received by means of a bank transfer and are tracked and you can be in a lot of troubles acting this way. Things are not so easy, maybe for your native country, but not for the majority of the other countries.
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gazmo
Junior Member
- Jun 1, 2013
- 164
- 88
I'm not sure how this is possible since the LTD has to have employees, and the 65 euros are your pension obligations for a minimum salary (that you'll pay to yourself as CEO). Not sure if it's even worth discussing though, it is so negligible.
As for your bureaucracy question, for a person who has grown here is intolerably bad, but most of it you won't have to deal with. And as dazk2002 said, you can have an accountant do all of the daunting tasks, again for peanuts. I had an accountant girl deal with my taxes and everything for less than 250 euros last year...
I imagine you are a native: could you please tell me how much you have to pay at the end to act as a freelancer? I mean, 10% tax, 65€/month for pension, 250€/yr for the accountant, something else? Obviously I consider for example 100€ to open the freelancer position and other initial activities. Thank you!
infoasian
Supreme Member
- May 12, 2011
- 1,419
- 438
No, as a tourist there is no minimum stay, but a maximum stay depending on entry requirements. The purpose is to have no tax domicile at all and leave before you need to settle. Nothing troubling or illegal about it. Yes, they track your payments, but if you bank in a country with territorial tax regime or without taxation on passive income there is no tax at the source to be paid because you are not present.