[vorenus]

Hi guys

I have a question that has been lurking in my mind. Suppose i have an internet business, and all the income it generates comes from abroad and not from the country i reside in, Do i have to pay any type of income tax or any other tax for that? Just to clarify i'm not a US citizen.
For example What happens if i open an internet business in singapore, germany or whatever and i live in brazil and all the income comes exclusively from abroad but not from brazil(so no brazilian clients) ?
Any tax experts that could help?
thanks!

[dogthom]

You need to talk to an accountant.

Some countries do not tax "world income"... like the Philippines.

But most do.

[Darius]

It depends where you live. You would open the business where you live, I assume and then would have to follow whatever tax laws they have.

[el conquistador]

Form an LLC in your home country, Delaware is best. Even if its an internet company you'll need a physical address anyway.

Pay taxes in the US. If you're not earning from the local economy you won't have to pay taxes there.

Is the business up and running yet?

[Richiavelli]

You need an accountant in your home country. I can only speak to US taxes, but since you aren't in the situation, my knowledge will be irrelevant.