I'm thinking about moving my business to a low(ish) tax jurisdiction.
I am European and I am considering Prague and Nicosia.
I know there are a lot of adult affiliate marketers living there and I have a couple of questions, that I hope some of you guys can answer, before I start talking to accountants.
Can you give me a rough breakdown of tax liability and cost for social security and health insurance?
I read an excellent
explanation by MaDalton about the CZ system the other day. But paying a total of 19% in tax seems like aggressive tax planning, or is this common in CZ?
And the second thing would be regarding Cost of Labor.
How much would I roughly have to pay for an employee to do simple work that needs no higher education, and will be taught on the job. (Wages and payroll taxes)
thx