International Tax Planning
An effective, well thought-out international tax planning strategy can legally minimise international tax liabilities. International tax planning is a complex
field, especially when multiple jurisdictions are involved, and there are many
fundamental issues to consider before establishing the optimum corporate
structure. Without relevant professional advice unanticipated legal and tax problems will arise and unexpected tax liabilities may crystallise. With Healy Consultants, international tax planning is made easier thanks to our practical, logical and simple approach and our unique network of international tax planning experts. In providing cutting-edge international tax planning and consulting services, we aim to deliver creative, cost-effective solutions which further our clients' global business ambitions by minimising corporate and personal income tax liability. Some factors to consider when conducting international tax planning include: |
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| 1. | International tax planning is a legitimate way to protect and enhance business and personal assets. |
| 2. | Intelligent and well-researched corporate structuring is a cornerstone of a successful international tax planning strategy. Healy Consultants can advise on the most tax-efficient structure based on our clients' needs. |
| 3. | Provided the companies are properly structured, Singapore and Hong Kong companies do not need to pay tax on revenues sourced outside the country. Refer to our top four corporate structures for international tax planning. |
| 4. | When choosing a suitable jurisdiction around which to focus your international tax planning strategies, note that many countries have signed Double Taxation Treaties with other countries to prevent taxes levied twice on the same income, profit, capital gains or inheritance income. The availability of tax relief in the form of a Double Taxation agreement may be central to your international tax planning. |
| 5. | Choice of jurisdiction should also take into account whether it is paramount that your company projects a reputable image to its customers, suppliers, investors and governments. An effective international tax planning strategy will help entrepreneurs legally minimise international taxation while also ensuring your company projects a positive image to third parties. |
| 6. | An effective international tax planning strategy should consider client confidentiality. In some offshore jurisdictions such as the Marshall Islands, there is no public register i.e. shareholders' and directors' details are not available for public viewing. In Singapore, on the other hand, there is a public register providing details of shareholders and directors. |
| 7. | An effective international tax planning strategy should comprise a corporate bank account with a reputable international bank in a secure location. Healy Consultants will advise on the optimum international corporate bank account solution for your company business activities. |
| 8. | When conducting any international tax planning, taxes should be paid on all profits or income received and used for
personal living. |
Further Information on International Tax Planning |
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Contact Us |
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For more information on international tax planning, email email@healyconsultants.com or telephone us at (+65) 6735 0120 in Singapore. |
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