Tax residency and citizenship are not necessarily related. Unless you are an American (RIP lol). Tbh, you probably don't want to live in Romania anyways, might as well go to Dubai instead.omg this. Looking up citizenship asap, this is incredible haha.
Update: not all that easy it seems.
Dubai just announced this year it would impose a 9% corporate tax starting in 2023.Tax residency and citizenship are not necessarily related. Unless you are an American (RIP lol). Tbh, you probably don't want to live in Romania anyways, might as well go to Dubai instead.
This sounds good but not practical..Keep getting your payment via payoneer or wise. send your money to a cryptocurrency exchange (my suggestion is kraken) and keep it in dollar stable coins like usdt usdc. When you need money, sell some of your usdt or usdc on p2p part in the exchanges and withdraw the account in Turkish lira. Since the money will come directly from a person, not from any company, and the amount will be small, you will not be stuck in the taxation limit.
Hello my friend. There are some solutions regarding cryptocurrencies. If you want more info pls pm meHello, I'm a music producer from Turkey. My income has increased in the last 5-6 months,
I currently earn close to 1800 dollars per month on average.
But the problem is that already distrokid is making deductions and I don't want to pay taxes to this country I hate.
Currently, my money naturally comes to Turkey from America. I'm withdrawing my money,
I haven't received a tax related penalty for now, and I haven't made a statement that I have to pay tax.
but I can foresee that it might be a problem for me one day, I was using Wise while getting payment,
but I learned that it was also audited. what are your recommendations? What would you do if you were me?
(btw, if I were really in another country, I would gladly pay my taxes as long as I live in peace and prosperity.)
All companies working on money transfer in Turkey have to submit a periodic report to an institution called bddk. This report also includes user data. For example, paypal does not work in Turkey because it does not accept this.Where did you hear that Wise has been audited/reports to turkish tax authorities ?