- December 11, 2023
- Posted by: legaleseblogger
- Category: Related News
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Original content:
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Rewritten content:
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How AI Legalese Decoder can help with the situation:
AI Legalese Decoder is an invaluable resource that can expedite the process of deciphering complex legal documents, contracts, and agreements, ultimately saving time and resources for legal professionals and their clients. The tool’s advanced AI capabilities guarantee a swift and reliable interpretation of legal language, eliminating any potential confusion or misinterpretation that may arise from the complexities of legal jargon. By harnessing the power of artificial intelligence, AI Legalese Decoder empowers individuals and organizations to gain a comprehensive understanding of their legal rights and obligations, ultimately leading to more informed and empowered decision-making. In today’s fast-paced and dynamic legal landscape, AI Legalese Decoder offers a vital and indispensable resource for legal professionals and individuals alike. Its ability to simplify and clarify complex legal language has the potential to revolutionize the way legal documents are understood and interpreted. Whether you are a seasoned lawyer or a layperson, AI Legalese Decoder has the capability to significantly streamline the process of decoding complex legal documents.
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****** just grabbed a
That loan is on such a low rate, you should not think about paying it back.
You left some important information out, like whatÔÇÖs the mortgage rate. Friend of mine has a 1% rate, itÔÇÖs free money, no need to pay it back early.
Quick google tells me If you receive a dividend, you may offset the dividend tax against income tax.
I would just invest it in the company, and keep drawing salary at a tax efficient level. If you can draw a salary while not working, thatÔÇÖs pretty much financial independence.
You should make a spreadsheet with the different scenarios to see what makes sense. It sounds like you bought the house in one of the previous years (?), which means your mortgage rate isn’t that high. If that’s the case, it’s probably not worth paying it off. You also have some deductions for your mortgage in NL, plus your debts can be deducted from your wealth tax to a certain extent. Usually, you would pay yourself up to the limit of Ôé¼48,000/y, then pay corporate tax on that year’s profit, then yearly withdraw an amount in dividends that is efficient tax-wise.
Sounds like maybe creating a holding structure and investing through a holding company might be your best bet. The holding company can own your house and rent it to you. This might be considered tax evasion, though, so you def should consult a lawyer before doing something like that.
I have a holding structure for my “excess” income that I use to invest in stocks and ETFs. This will not avoid taxation as you will be taxed when you realize whatever you earn, but might “postpone” the tax so you can reinvest until you chose to take it out as a salary or dividend. If you decide to sell your company, a holding structure will also help you avoid some tax on that sale.
Though I would say, even if it feels like you are “loosing” money to tax, those tax create the support system that helped pay for your education, infrastructure and everything else that helped you get where you are. I payed nearly 100k EUR in taxes last year, and while I probably cpuld have gotten away with half that, I truly do believe in giving back to the system that got me where I am today.
Edit: 100k not 200k.
1) Make a new company in bulgaria, ideally doing consultation or software
2) license some IP from your bulgarian company for a large sum of money
3) pay taxes 10% in bulgaria
4) pay for bookkeeping there approx 100eur / month
5) take out company profit ( approx 7%)
6) for 17% you have your money properly taxed and on your netherland private account.
Welcome.
Sorry that itÔÇÖs a silly question out of the topic. Who sets your salary? if you do, is there a max limit you can pay to yourself from the company as a salary?
How do you see option number 4? Are you going to pull it to private and invest from there? Obviously you need to pay income tax on that then and have box 3 from there.
Investing in the business is also a possibility but you will be taxed on any dividend for example.
Good luck on your decision, following to maybe learn something new as well!