Ladies, Gentleman -> 'The First World'.
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Best 1st world countries with low to zero income tax?
- Thread starter banafinfodafuggiano
- Start date
Imagine those rioters trying to pull that s**t in SEA. The 'riot' would have lasted approximately 27 seconds.
Bulgaria sounds like a good option, i speak Russian so I presume they'll be able to communicate in it or in English?Just my 2 cents re: Bulgaria/Kosovo/Slovakia. Local languages there are a disaster for an average Canadian and % of locals speaking decent English (or French) is low. In addition, Bulgarians use non-Latin (Cyrillic) alphabet and (geo-)political situation in Kosovo is IMO also of concern.
Also Serbia seems like decent with their 15% income tax?
Yep. Correct. I was born in Spain and naturalised Canadian.
No problem with Russian. But you must also love smoking cigarettes to blend in well
A flat income tax rate of 20% is applied to the tax-adjusted profit of resident non-Saudi and non-GCC individuals.
Expat Tax Services | International Banking - HSBC Expat
Learn how to navigate the complexities of international tax and understand your expat tax obligations with our guides and resources.
www.expat.hsbc.com
Is this only on Saudi incomes?
There are indeed some changes in the legislation. Its not anymore 100% tax free.A flat income tax rate of 20% is applied to the tax-adjusted profit of resident non-Saudi and non-GCC individuals.
Expat Tax Services | International Banking - HSBC Expat
Learn how to navigate the complexities of international tax and understand your expat tax obligations with our guides and resources.
Saudi Arabia: Proposed New Tax Law & Proposed New Zakat and Tax Procedures Law
A strong and unprecedented step down the way of reforming and developing the tax system and landscape has been launched by Zakat, Tax and Customs Authority “ZATCA” on Wednesday, October 25, 2023. ZATCA has introduced a proposed almost brand new comprehensive Tax Law and Zakat & Tax Procedures...
It's not what you're looking for now but Russia has a 13% flat rate. Moscow is (in my opinion) the greatest city on Earth pre-war and, having been there a few times since the war began, still one of the best. If it weren't for these temporary difficulties I'd say it is perfect for your purposes. You can still bank with Raiffeisen there and there are dozens of rubles to crypto services in Moscow that all the Russians who are traveling regularly use.
I know of two dudes who moved from Dubai to Moscow this year and they are both happy. They are back in Dubai now tho as winter is brutal there.
For what Ive been told they just pay taxes on the 'salaries' they are remitting and nobody is asking questions.
what are advantages of Moscow comparison to Dubai?
If they are Russian I would understand the point , but still you can be taken to fight for war in Ukraine. It's a bit crazy. If you are foreigner and don't speak Russian I don't really possibly understand how could you live there?
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Yes; as a Russian speaker you would be completely fine in Bulgaria. You could read anything immediately and Russian and Bulgarian are similar languages, so you can even learn quickly, if you want.No problem with Russian. But you must also love smoking cigarettes to blend in well
Well, interesting. I do not like the contemporary Russian regime but it is true that I have not been there personally for many years.
Yes. In the very past, speaking Russian was actually a must to live there comfortably. Maybe times have changed somehow, at least in Moscow? (I do not believe that it has changed at the province.)
Cost of living for sure. Moscow is not cheap, as in it's not Thailand, but Dubai is considerably more expensive. Moscow also has a more appealing aesthetic, as its got more greenery. Taxes are not outrageously high like a 15% and they get to decide how much they pay themselves.
I haven't lived in Moscow for any extended period so cant compare really but they are happy with their decision. Keep in mind that they don't do winters there.
They aint, one is French and the other Israeli. The French one somewhat butchers Russian. English is ok-ish for the most part but obvs if you speak RU the experience will be better yeah.
Me neither, Im just passing the info. Im not here defending Russia as being the perfect place to live but hey for part of the year it dont seem so bad. I wouldnt do winters there neither tbh.
What english do you need? Get a lw
I DMed you, check bro.
Moscow makes sense 7 months a year, and Dubai makes sense 5-6 months a year weather wise.
Beautiful women in Russia, decent food, cheap lifestyle compared to the USA or Western europe.
Cyprus
Under 19500 EUR - 0% personal tax, only 2.65% contribution
Non-dom status - 0% on dividends, only 2.65% contribution
Everyone speaks English
Under 19500 EUR - 0% personal tax, only 2.65% contribution
Non-dom status - 0% on dividends, only 2.65% contribution
Everyone speaks English
Maybe Bosnia, 10% tax for companies 14% tax for individuals freelancers with 20% expense counted from revenue you receive to local bank. If you have a US business or Wise etc and debit cards to withdraw on ATM maybe 0% we are not in CRS. Its safe, good food, people.. But its not 1st world country or EU member if that matters to you. Come visit if you want to explore, I’d like to meet new friends will show you all you want to know.. not as any service to not misunderstand I mean free.
Probably the best deal in Europe.
Politically unstable, poor infrastructure, extremely polluted air during the winter. Feels like 3rd world country.
With 19500 Euro I barely buy any food for my family.
It was my choice but then they introduced those stupid Tax laws.
Welcome to tax hell
Brazil introduces individual income tax bill affecting taxation of foreign investment income
According to the new bill, starting from 1 January 2024, foreign investments by Brazilian residents will be reported annually and at tax rates range from 0% to 22.5% based on annual income. Profits of entities controlled by Brazilians abroad would be taxed annually, starting from 1 January 2024...
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