Are you a digital nomad? Have you ever wondered about the complexities of working across borders and how it relates to the “permanent establishment for digital nomads”? Well, you’re not alone! The permanent establishment is a crucial concept in international tax law that determines a business’s tax liabilities in foreign jurisdictions. In this article, we …
Permanent Establishment for Digital Nomads: Decoding the Rules Read More »
Territorial taxation vs worldwide taxation is an important concept for digital nomads to understand. Getting a better understanding can help you in your tax planning and avoid expensive mistakes. Worldwide taxation Most (Western) countries apply the concept of worldwide taxation. This means that you need to declare all your income, irrespective if it originates from …
Tax Terminology: Territorial Taxation vs Worldwide Taxation Read More »
Europe vs European Union vs Schengen Area are three terms that are often used interchangeably. However, they actually refer to different concepts. Unfortunately, many digital nomads mix them up. Therefore, I decided to dedicate an article to their differences and similarities. They all have to do with Europe in some way. Nevertheless, they represent different …
Tax Terminology: Europe vs European Union vs Schengen Area Read More »
Personal income tax vs corporate income tax is the distinction we need to make if we speak about income taxes. So, you have personal income tax on the one hand and corporate income tax on the other hand. The application of each of them differs depending on your situation. Their respective names already suggest what …
Tax Terminology: Personal Income Tax vs Corporate Income Tax Read More »
The concepts of citizenship vs residence vs tax residence are a lot of time intermingled and therefore, lead to a lot of confusion and misunderstanding. For that reason, I want to clarify this and help any misunderstandings out of the world. Citizenship Citizenship refers to the country you are a citizen of. Or, in other …
Tax Terminology: Citizenship vs Residence vs Tax Residence Read More »