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| *Loan,banking and credit>>>tax accounting |
If someone bills an a company in S.Korea to an offshore account, what are the tax regulations? |
Is is possible to for a company located in s.korea to transfer money to an offshore account without being taxed on that transfer? Also, would the offshore company be taxed? anyone know where i could find this information? You seem to be in the beginning stages of setting up an offshore structure. The answers to your questions depends on S. Korea law and the jurisdiction where the offshore bank is located and also if it is a personal account or through a corporation formed in the jurisdiction of the bank. Panama does not tax offshore income so in this case there would be no need to file a Panama tax return or pay tax and it would not matter if it was a corporation or personal account. For more information on Panama bank accounts go here: http://www.panamalaw.org/offshore_bank_a... http://www.panamalaw.org/tutorial_offsho... http://www.panamalaw.org/attributes.html... http://www.panamalaw.org/offshore_bankin... Source(s): http://www.panamalaw.org/offshore_bank_a... http://www.panamalaw.org/tutorial_offsho... http://www.panamalaw.org/attributes.html... http://www.panamalaw.org/offshore_bankin... |
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