Most credit cards take a 3% cut when you spend money overseas. That adds up! And, actually, debit cards are often worse than credit cards for overseas spending. Not only do they have a big cash withdrawal charge, you get charged when you pay with the card, too. Be sure to find out what the charges will be before you start spending! If you already have payday cash advance, you don't want to rack up all your debts. So, how can you get around the fees? Well, one of the best ways to avoid the costs is to get a different credit card, without those extra charges. All you need to do is Google … [Read more...]
Tax Liability Out Of Export Income – How Should You Proceed?
How should you manage your tax liability if bulk of your earnings comes from export of goods and services? Ideally, the government always provides tax breaks and savings options for those who bring invaluable foreign exchange. However, the government is also strict on those who generate bulk of their income outside the country because it leads to loss of jobs within the country. This is a reason why there are many big corporations who are sitting on huge chunks of cash reserve in foreign exchange. They are not bringing the same into the country because they will have to pay extra tax on … [Read more...]