Quote: (08-27-2018 02:47 PM)Johnnyvee Wrote:
-Also, are you a 100 percent sure that an online business does not fall under the corporate tax umbrella? (15% tax if so.) If you do say affiliate marketing via Amazon etc. as an example.
Only foreign SOURCED income is exempt from income tax - dividends, royalties and interest, rent on foreign property, etc. I.e. passive income.
If the source of your income is work that you do in Georgia, you're liable to local taxes.
Affiliate marketing could be structured to avoid local taxation, but you'll need to set up an offshore and pay yourself a small wage for services to the company. Local wages are low, so it shouldn't be an issue.
Georgia doesn't have any anti-CFC legislation, so owning offshore companies isn't an issue.