? - https://nearshoreliving.com ? Premium Content/VIP Access? https://nearshoreliving.com/projects/premiumcontent/ ☎️ https://cal.com/nearshoreliving ? Team@NearShoreLiving.com ? https://twitter.com/nearshoreliving Determining personal and corporate tax residency is an important consideration for expats, as it can have a significant impact on their tax liability. Tax residency is determined based on a number of factors, such as the length of time spent in a country, the location of one's permanent home, and the location of one's economic and social ties. Personal tax residency is determined based on the number of days an individual spends in a country, as well as their permanent home and economic ties. For example, if an individual spends more than 183 days in a country, they are considered a tax resident and are liable for taxes on their worldwide income. Additionally, if an individual has a permanent home in a country and their economic and social ties are primarily located there, they may be considered a tax resident even if they spend less than 183 days in the country. Corporate tax residency, on the other hand, is determined based on the location of a company's management and control. This includes factors such as the location of the company's headquarters, the location of its board of directors meetings, and the location of its decision-making processes. A company is considered a tax resident of a country if its management and control is primarily located there. Why this matters to expats is that they may become tax residents in multiple countries, which can create a complex tax situation. For example, if an expat is considered a tax resident in both their home country and the country they are residing in, they may be liable for taxes in both countries. This can lead to double taxation, which can be mitigated by tax treaties between countries or by claiming foreign tax credits on one's home country tax return. Additionally, corporate tax residency also matters for expats because it can affect their business operations, as well as the taxes they pay. Being tax resident in a country with a more favorable tax system can help businesses to save on taxes and increase their profitability. --------------------------------------------- ? - https://nearshoreliving.com ☎️ https://cal.com/nearshoreliving ? Team@NearShoreLiving.com ? https://twitter.com/pohwillbenice ------------------------------------------------------------------------------------------ ... https://www.youtube.com/watch?v=Ul4VX_KB9Ts

Join this channel to get access to perks: https://www.youtube.com/channel/UCGEY_bIcC4N6AJqup-bPlmw/join 00:00 - Intro 00:57 - Like China 2:25 - Don't like China 3:13 - Russia! Today, I go to the Russian embassy in Beijing, China. A very light hearted vlog style video - a nice little break from me reading law books and/or telling you not to believe influencers. Dont' take anything I say on this video seriously - I am just killing time waiting for my meeting. ------------------------------------------------------------------------------------------ ? - https://nearshoreliving.com ? Team@NearShoreLiving.com ? https://twitter.com/nearshoreliving ------------------------------------------------------------------------------------------ ... https://www.youtube.com/watch?v=96jrkWzpKgI