Double Taxes Germany / Sri Lanka - Opening Restaurant in SL

11POSTS

3 years ago

I will open a restaurant in Sri Lanka next year and will also open my own bank account for it in SL.

There will be a local manager, but I will continue to live in Germany.

There is a double taxation treaty between Germany and Sri Lanka but I am wondering if I still have to pay German taxes on the income and if it is possible to then transfer the money in rupees to my German account in euros?

Does anyone know?

Please help

See also

Living in Sri Lanka: the expat guide - Guide
Restaurants in Sri Lanka - Business
Start a small restaurant in Sri Lanka - 21 Replies
Type of Visa for opening a restaurant? - 3 Replies
Opening restaurant in Sri Lanka, which bank account? - 5 Replies
Small restaurant business in Sri Lanka (help) - 4 Replies
Opening a small business in Sri Lanka - 50 Replies

FrancescoFa New member

6POSTS

3 years ago

@Lora123

Hi Lora, get a good international Colombo accountant. There are different ways to receive an income without paying unnecessary taxes. A professional advice will save you money and time.

Best

Francesco

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FrancescoFa New member

6POSTS

3 years ago

@FrancescoFa and get a good international German accountant to check whatever the Colombo accountant suggests!

Mohamed Rafeek21 New member

6POSTS

3 years ago

@Lora123 Try to consult an accountent acoroding to my knowledge their are limit investment ammount that their are no tax. if you need more about in this regard let me know i will checked and let you know.