Your cart is currently empty!
Category: Tax Law
Taxes In El Salvador
Here is an overview of the tax structure of El Salvador: Currency: US dollar (USD); Bitcoin (BTC)Foreign exchange control: There are no foreign exchange controls.Accounting principles/financial statements: IFRS applies. Financial statements must be filed annually.Principal business entities: These are the stock corporation, limited liability company, and branch of a foreign entity. Corporate taxation = 30% (standard rate)/25%Branch tax…
A Guide To Corporate Inversions In Bitcoin City
A corporate inversion (also called a tax inversion), is a restructuring process where a foreign company is created in a more favorable tax jurisdiction, and the currently operating parent company is completely purchased by the foreign company. In this way, the original parent becomes a subsidiary of the foreign parent, thus moving its tax residence…