HOW CAN I AVOID PAYINGTAX?

pavxo · Jun 23, 2022

homeriscool said:
Pay tax dude - you'll sleep better.

Look at it like this.....the global economy is going down the toilet.

Your tax money could be feeding a few kids who's parents can't get a job.

yep, or buy a palace or a few cars for the people in power. depends on how gullible you are

mirrorer · Jun 23, 2022

pavxo said:
or bulgaria it's right next door and it's 10% but there's obviously ways to decrease that significantly especially if we're talking about $1800 per month

Bulgaria has also a 5% dividend tax. Total tax in BG=15%
Romania has 1% on up to 1m eur turnover + 5% dividend =6% total.
Cyprus has 12.5% flat with no upper limit (Soon to be 15% because of the OCED proposal of min 15% taxation for companies)

MisterF · Jun 23, 2022

mirrorer said:
Dubai just announced this year it would impose a 9% corporate tax starting in 2023.
Dubai is hot.
Dubai is expensive.

Dubai is hot, so use aircon and your pool.

It's not expensive if you're out of the tourist areas.

PrimalMe · Jun 23, 2022

It's not that easy as you think. Even if you use foreign bank accounts, you'll need to withdraw your money from ATM. And ATMs in Turkey probably charge around 10% fee (yes, they always say less but I tested almost all) for USD-EUR withdrawal. And it's pretty risky because tax officiers can track this. (I recently received an email about that the Swiss bank I use has started sharing info with Turkey)

So if you receive the money from USA, you won't need to pay VAT (normally you pay 18%, because of service export law). Just open a company, create Wise Business IBAN for your company and start invoicing. You will need to pay 15-20% (income tax) yearly, I think it's not that bad. Yeah, there are some taxless countries but $1.8K is not enough to move there.

Ah, at the end if you don't want to pay tax because you hate your country (I understood so if you didn't misstype it), go move to America and pay more tax

Setox · Jun 23, 2022

Dude, you are not even on the $10K/month scale, and you're thinking about 0 tax, the cheapest offshore setups out there cost X10 your current salary, you should think about that when you got huge money there, not now, & even then you should know there is no such thing as 0% tax, there are low tax heavens where you can register your business and have your bank accounts & savings, or even get a residency, but almost all setup out there will fuck you up if you don't know what you're doing or you can't afford an expert.

Put it like this : you do hate your country, right ? so why do you wanna end up in its jails ??

P.S : paying taxes has nothing to do with your emotions or how you feel about your country.

pavxo · Jun 23, 2022

mirrorer said:
Bulgaria has also a 5% dividend tax. Total tax in BG=15%
Romania has 1% on up to 1m eur turnover + 5% dividend =6% total.
Cyprus has 12.5% flat with no upper limit (Soon to be 15% because of the OCED proposal of min 15% taxation for companies)

yes I know. my gf is Romanian, but company expenses in Bulgaria are not as restricted.

or maybe its ust that my gfs accountant is shit

Sollecs · Jun 23, 2022

paypal very convenient and untraceable

provocative · Jun 23, 2022

Ofc it's better to start a company / self-employed and pay your taxes.

But if you receive your money in USD in Wise and if you use your money only from that Wise card (yes I am saying only Wise, you should not withdraw or transfer to any Turkish bank, also don't convert to TL, directly use from USD), nobody will track your spendings in Turkey.

Btw, you would have already know if you are under radar of tax or secret sevice in Turkey

Thorr · Jun 23, 2022

How much is the tax in Turkey?

mirrorer · Jun 23, 2022

provocative said:
Ofc it's better to start a company / self-employed and pay your taxes.

But if you receive your money in USD in Wise and if you use your money only from that Wise card (yes I am saying only Wise, you should not withdraw or transfer to any Turkish bank, also don't convert to TL, directly use from USD), nobody will track your spendings in Turkey.

Btw, you would have already know if you are under radar of tax or secret sevice in Turkey

Bad advice.

Wise is highly regulated and they report your accounts to authorities automatically just like banks

sylvyo · Jun 23, 2022

taxes are bullshit
try to have more then one nacionality
you move between the 2 to counytrys dont pay in any

PrimalMe · Jun 23, 2022

Thorr said:
How much is the tax in Turkey?

18% as VAT and 20-40% (20% is for minimum earning, 40% for maximum) income tax. But since he is exporting service, he shouldn't pay charge VAT according to the law.

lotsofmoney · Jun 24, 2022

There can be lot of problems if you do not pat tax. Pay all the taxes till now and move to another place where there is less or no tax.

moonshine7000 · Jun 24, 2022

lotsofmoney said:
There can be lot of problems if you do not pat tax. Pay all the taxes till now and move to another place where there is less or no tax.

Getting passports in tax havens are expensive you are looking from $100,000 to 1M US to get 0% income tax or %0 tax on foreign income.

bartosimpsonio · Jun 24, 2022

Sollecs said:
paypal very convenient and untraceable

LOL

sonprofesor · Jun 26, 2022

Setox said:
Dude, you are not even on the $10K/month scale, and you're thinking about 0 tax, the cheapest offshore setups out there cost X10 your current salary, you should think about that when you got huge money there, not now, & even then you should know there is no such thing as 0% tax, there are low tax heavens where you can register your business and have your bank accounts & savings, or even get a residency, but almost all setup out there will fuck you up if you don't know what you're doing or you can't afford an expert.

Put it like this : you do hate your country, right ? so why do you wanna end up in its jails ??

P.S : paying taxes has nothing to do with your emotions or how you feel about your country.

yes, I am not on the scale of 10 thousand dollars per month, but if we think about it, I will pay 15 percent tax per month to Turkey from my earnings. and therefore 15 is equivalent to the earnings of the average person in Turkey

TheoreticallyBr · Jun 26, 2022

Gogol said:
Don't avoid tax. That's fraud.

Instead of taking the money in your personal account, open a business (type of business depends on the country. Talk to a CA). Then take salary from your own company (take as much as it will be tax free. On top of that, you can show certain expenses like home loan as write off from your personal account. It depends on the country as well). For expenditures, use your company account (BE SURE TO SPEAK TO YOUR CA). Those expenditures can then be shown for tax write off.

avoiding tax is not a crime while evading tax is a crime

esiquiel · Jun 26, 2022

sonprofesor said:
Hello, 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.)

Go to a crypto country like Portugal or a family friendly taxes country.

You only need to stay in Portugal for 6 months and 1 day more.
Then in your other country you need to stay 5 months and 30 days.

Doing this is legal, because you are a Portugal resident and you spend more than 50% of the year there. Only that the rest of the time you are in other country on vacation or work.

Gogol · Jun 26, 2022

TheoreticallyBr said:
avoiding tax is not a crime while evading tax is a crime

Ok. Was trying to mean “evade”.

Setox · Jun 26, 2022

sonprofesor said:
yes, I am not on the scale of 10 thousand dollars per month, but if we think about it, I will pay 15 percent tax per month to Turkey from my earnings. and therefore 15 is equivalent to the earnings of the average person in Turkey

moonshine7000 said:
Getting passports in tax havens are expensive you are looking from $100,000 to 1M US to get 0% income tax or %0 tax on foreign income.

You shouldn't think about it, you should focus on advancing your career and making more money, the %15 is still very low compared to other countries.

HOW CAN I AVOID PAYINGTAX?

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