What income will I personally report?
Typically:
- Dividends received from the Swiss AG
- Capital gains when selling shares in TBSC AG
You do not report foreign land income or agricultural revenue.
What is the tax treatment for Indian investors?
Indian investors benefit from:
- No Croatian filings
- No agricultural income classification
- Reporting foreign dividends only
- Capital gains treated as foreign share gains (not property gains)
- Simpler disclosure under foreign equity (FA Schedule)
(Investors should obtain independent tax advice.)
What about NRIs?
NRIs typically report:
- Foreign dividend income
- Capital gains on foreign shares if applicable
NRIs do not report Croatian land, agricultural income, or EU property.
What about investors from UAE, GCC, Singapore, Hong Kong, or other low-tax jurisdictions?
Most of these jurisdictions do not tax:
- Foreign share gains
- Foreign dividends
- Foreign land income
This structure is highly tax-efficient internationally.
Do I need to file taxes in Switzerland?
Usually no, unless you are Swiss-resident or hold a major ownership stake.
Will my home country tax my dividends?
Most countries treat dividends as ordinary foreign income.
Some jurisdictions have exemptions or favorable tax treatment.
Are capital gains taxable?
Most countries treat gains as share gains, not real estate gains.
This is typically more tax-efficient.
Does the Swiss–Croatia double tax treaty help investors?
Yes.
It helps reduce tax drag when profits move from Croatia SPV → Swiss AG → investors.
Do Indian investors face capital controls?
Investments can be made under the LRS (Liberalised Remittance Scheme) up to USD 250,000 per year.
Repatriation of dividends is permitted.
Does TBSC provide tax advice?
No.
Investors should consult qualified tax advisors in their home jurisdictions.
