cryptohunter
Active member
- PPF Points
- 440
Whether you need to pay taxes on the income generated by your offshore company in Seychelles will depend on the tax laws of your own country and the tax laws of Seychelles.
Many countries have laws in place that require residents to pay taxes on their worldwide income, regardless of where it is generated. In these cases, even if the income is generated by an offshore company in Seychelles, you may still be required to pay taxes on it in your own country.
However, some countries have tax treaties in place with Seychelles that may reduce or eliminate your tax liability on the income generated by your offshore company. Additionally, Seychelles has a relatively low tax rate, so even if you are required to pay taxes on the income in your own country, the total tax liability may be lower than it would be if the income were generated in a higher-tax jurisdiction.
The specific tax implications of having an offshore company in Seychelles will depend on the tax laws of your own country and the circumstances of your particular case. It is advisable to consult a tax professional for advice on your specific situation.
Many countries have laws in place that require residents to pay taxes on their worldwide income, regardless of where it is generated. In these cases, even if the income is generated by an offshore company in Seychelles, you may still be required to pay taxes on it in your own country.
However, some countries have tax treaties in place with Seychelles that may reduce or eliminate your tax liability on the income generated by your offshore company. Additionally, Seychelles has a relatively low tax rate, so even if you are required to pay taxes on the income in your own country, the total tax liability may be lower than it would be if the income were generated in a higher-tax jurisdiction.
The specific tax implications of having an offshore company in Seychelles will depend on the tax laws of your own country and the circumstances of your particular case. It is advisable to consult a tax professional for advice on your specific situation.