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Transport, Shipping and International Trade Web-Course: “Registration of Companies Abroad, Doing a Real Business: Substance, Relocate Business”

14/ 04/ 2020
  Starting a business abroad is an issue that needs comprehensive research because of its complexity, particularly in the questions of tax regulation. At the webinar on Transport, Shipping and International Trade Web-course we explored the details of doing business in the foreign countries. Discussed the peculiarities of tax information exchange, risks to owners and liability standards, asset protection, and in addition made the tax jurisdictions review. Preferential tax regulation is possible provided by substance condition, or in other words if the company has real content (or actual residence in the country of registration). There are formal and economic substance. Also inquired such a tool as СRS rules, which were created for automatic exchange of tax information. Futhermore in order to counteract the erosion of the tax base and the transnational profit-sharing tax return, the Organization on Economic Cooperation and Development has formated BEPS plan, that also has been implemented in Ukraine. Thus, today, a businessman has the right to conduct a foreign economic activity with the help of any of his foreign companies, but such activity should have a real economic nature, and not be solely aimed at reducing the tax.

Starting a business abroad is an issue that needs comprehensive research because of its complexity, particularly in the questions of tax regulation. At the webinar on Transport, Shipping and International Trade Web-course we explored the details of doing business in the foreign countries.

Discussed the peculiarities of tax information exchange, risks to owners and liability standards, asset protection, and in addition made the tax jurisdictions review. Preferential tax regulation is possible provided by substance condition, or in other words if the company has real content (or actual residence in the country of registration). There are formal and economic substance. Also inquired such a tool as СRS rules, which were created for automatic exchange of tax information. Futhermore in order to counteract the erosion of the tax base and the transnational profit-sharing tax return, the Organization on Economic Cooperation and Development has formated BEPS plan, that also has been implemented in Ukraine.

Thus, today, a businessman has the right to conduct a foreign economic activity with the help of any of his foreign companies, but such activity should have a real economic nature, and not be solely aimed at reducing the tax.

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