Topic: Hoping around from country to country (180 days) tax question. (Read 110 times)
Thanks for that information, but was I was curious about was when you have no residency! If your only in 1 country a max of 180days you aren’t defined as having a residency, so if you just keep hopping around country to country; I was really curious how any tax authority could enforce tax on you.!
Taxes are a very difficult concept. I would suggest talking with an accountant for professional advice.
You are going to pay taxes in the country you are resident. If it would have worked like that, every rich person who has a high income would literally travel 180 days a year.
If you have a large amount of cryptocurrencies and you don't want to pay taxes, go to Singapore as there is no specific rule for that so no taxes. Get a residence there and you'll be fine!
Else, if you want something more you can buy a €700,000 property in Monaco + deposit €1 million in a Monaco bank and within 6 months you will be resident of Monaco. You will pay 0% taxes
You are going to pay taxes in the country you are resident. If it would have worked like that, every rich person who has a high income would literally travel 180 days a year.
If you have a large amount of cryptocurrencies and you don't want to pay taxes, go to Singapore as there is no specific rule for that so no taxes. Get a residence there and you'll be fine!
Else, if you want something more you can buy a €700,000 property in Monaco + deposit €1 million in a Monaco bank and within 6 months you will be resident of Monaco. You will pay 0% taxes
I wanted to know if anybody knew... if you jump around and hope from 1 country to another for 180 days MAX does it mean you won't have to pay tax on cashing out large amounts of bitcoin? as you're not defined to be a resident of any country..?
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