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⍰ ASK Are there any tax implications for businesses using offshore merchant services?

Offshore services can help businesses save on taxes, as some places have friendlier tax rules. But it important to follow the law to avoid problems.

Businesses need to play by the tax rules in both their home country and the offshore place to avoid penalties or legal issues.

Tax authorities are watching offshore deals closely to stop tax dodging. Keeping clear financial records and reporting income correctly from offshore activities is important to stay on the right side of tax laws.
 

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