Originally Posted by
youwantmetodowhat
By the way "Lost" in your post regarding your past contract. You actually do pay tax but all tax obligations are borne in full by Vietnam Airlines. Please be careful when saying that the place is tax free. Its not.
I didn't say it was tax free. All I did was include a part of the contract sent to me by Euro Pacific.
Euro Pacific are the ones who call it tax free. And I would agree with that term because it is tax free to the person who reads the terms and conditions.
Vietnam Airlines may pay the tax, but it is totally invisible to the contract pilot. Vietnam Airlines sends money to the contractor who then deposits a nice big amount of US dollars every month to the bank of your choice. Most pilots I know have it deposited to a "tax free" off shore account to further make it "TAX FREE" from any other country wanting their share.