In many respects online businesses are similar to physical ones. The need for registration, invoicing, collecting and keeping invoices and, of course, paying tax remains. There are some difference in the treatment of the IVA though.
Countries sign treaties to prevent double international taxation in which certain rules are stablished in order to acknowledge a tax payment made in the other country.
As the owner of a limited company, who is also a worker in it, you can set for yourself a salary. How does a salary affect the tax bill? When are dividends more tax efficient?
You might have heard that a limited company pays less tax than a sole trader when incomes exceed a given threshold. On the other hand, it has a greater cost to incorporate and maintain. When is it worth having a company? – Interactive Tool.
Starting in January 2019, if you are working as intermediary between owner and tenant in a holiday rental you have a new formal obligation with Hacienda: submitting “modelo 179”.
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