Money Investments
should online money Investments pay taxes in the country where they operate?
Most of the countries in the world use a RESIDENCE based tax system. This means you are liable for tax in the country in which you are ordinarily resident, irrespective of where you earned the money. Generally, if you spend more than 183 days in a country in any one year, then you are resident in that country.
If the country in which your investments are based taxes you on your income, then often, your country of residence will give you a tax credit for the amount you’ve already paid. This avoids double taxation on the same income.
Online Investments should follow the same principles – ie, you only pay tax if you are resident in the country.
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