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Double Taxes Germany / Sri Lanka - Opening Restaurant in SL

Lora123

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 guideTaxes for expats in Sri LankaSelling property in Sri Lanka as a foreigner with existing leaseholdHow to come in sri LankaRoad safety in Sri Lanka
FrancescoFa

@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

FrancescoFa

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

Mohamed Rafeek21

@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.

Lora123

@FrancescoFa Hey, thanks for your answer. Do you know any good accountants in SL who are familiar with these topics?

thusith71

@Lora123 As per my knowledge it is not require to pay your local  taxes for the income you generate from a foreign country.