@oreilly81 @swatisquantum sounds totally reasonable especially if they are being undervalued & underpaid by the government. Just as long as it's a fair wage & not abusing their power to intimidate & steal $$ from residents
As a Brazilian, here are some of the atrocities that happen here. - Want a new vehicle? Around 38%~ of its value is taxes. Not to mention gas prices come with its own taxes as well, varies per state (but its around 30%) Oh, you want to drive your vehicle? Pay IPVA (Motor Vehicle Property Tax) and the licensing on your vehicle YEARLY.(again, varies per state, IPVA is between 1-4% of the vehicles VALUE.) - If you live anywhere but under a rock, you need to pay a Tax on Urban Property and Territorial Property (IPTU), which varies depending on your state, can go as low as 0.6% or 1.4% of the property value. There is also one for Rural areas, but it's essencially the same thing. - Recently the government approved a law that taxes imported products by a ludicrous 92%, if said product goes above a $50 threshold. (they also want to get rid of this threshold, so anything is taxed). The Olympics are happening right? One gymnast won R$826k (U$145k~) from the Brazilian Olympic Commitee, she needs to pay 27.5% of her earnings as income tax (R$227k, or U$40k) I just scratched the surface, theres PLENTY more where all of those came from.
Correction: Government is already taxing imported goods below 50USD at 44% About the Olympics: 27,5% is a fair tax rate across the world for income. Brazil is hell because the taxes on goods not on income. Yet, this will be perceived differently by foreigners and Brazilians. Foreigners don't know how awful are the public services, but we know that even with 1% tax, Brazil is not worthy.
@@alann346 27.5% a fair tax rate? In what world? She won that money fair and square, why the hell should a quarter of it go directly to the government's pocket? Y'all are too comfortable with the gov just deadass taking money from you
In mexico there is a criminal tax called "Derecho de piso" that is when you establish a small business and suddenly criminals come to you and demand a payment to do business in that area, otherwise you risk to be killed or your business destroyed. Fortunately it doesn't happen everywhere. But many successful business owners have died because of that.
In Brazil they call these people "Miliciano" the police are their own cartels in Rio. They tax business , gas, water, cable, internet, build sell/rent real estate and they sell drugs
Brazil is such a nightmare when talking about taxes. We pay so much money in taxes and we have absolutely no return from the government. The quality of public services is just getting worse every year. No surprise so many people are leaving the country. 😕
@l806m taxes in the USA are crushing. 35 trillion is debt...talk about government spending and we see zero benefits from it all. All for the w a r machine. Sickening
@@clroger4 Most brazilians don't know english, or any other language for that matter, so they are kind of isolated from the world. The result is: they think they are the pariahs of the world, always suffering, always in pain, nobody goes through such pain as the brazilians. Every day they wake up, and two or three people they know are dead, the policemen break their door down and take two of their newborn children to sacrifice to Lula, and if they make it through the day, they get to eat a single slice of bread, and sleep on a stone slab. Of course, that's not how it goes, but it's how they see it happening, and the image they export everywhere else. Fun fact: Brazilians also think the USA is Valinor, where people don't die, ever, there are no robbers, there is no corruption, american farts are rose scented, they shit gold, and piss apple juice.
@@israelmontefusco6300in proportion, Brazil collects ±34% Of GDP in tax, USA collects ±20%. In gross values, the US collects more, but proportionally to the country's wealth, Brazil is the hell.
Brazil I don’t know I’m living in Canada 🇨🇦 and there is tax on tax on tax on tax on tax every penny here in Canada is taxed the worst country in the world is here under Trudeau.
The CRA stole money from me and when I tried to get it back, they audited me. Went back 7 years and sent me a letter, urging me to pay up like I was a tax cheat. I owed them a staggering 37$ and 23 cents. I hate Canada and want Quebec to be free from these parasites. The hate I have for this hypocrite country is undescribable. I 💩💩 on canada. I wipe my butt with it's flag.
We made a playlist on the topic of 'Death of the West': th-cam.com/play/PLlVUJeLNo-5It7UCqSY2QSSOiqcHPFcfI.html. Maybe you'd find it interesting to check out!
In Brazil, the tax system is complex and consists of federal, state, and municipal taxes. Here are some key taxes. Federal Taxes 1. Imposto de Renda (IR): • IRPF: Imposto de Renda Pessoa Física, a personal income tax. • IRPJ: Imposto de Renda Pessoa Jurídica, a corporate income tax. 2. Imposto sobre Produtos Industrializados (IPI): Tax on industrialized products. 3. Contribuição para o Financiamento da Seguridade Social (COFINS): Tax to finance social security. 4. Contribuição para os Programas de Integração Social e de Formação do Patrimônio do Servidor Público (PIS/PASEP): Contribution to social integration programs. 5. Imposto sobre Operações Financeiras (IOF): Tax on financial transactions. 6. Contribuição Social sobre o Lucro Líquido (CSLL): Social contribution on net profits. State Taxes 1. Imposto sobre Circulação de Mercadorias e Serviços (ICMS): Tax on the circulation of goods and services. 2. Imposto sobre a Propriedade de Veículos Automotores (IPVA): Tax on motor vehicle ownership. Municipal Taxes 1. Imposto sobre Serviços de Qualquer Natureza (ISS): Tax on services. 2. Imposto Predial e Territorial Urbano (IPTU): Property tax for urban real estate. 3. Imposto sobre a Transmissão de Bens Imóveis (ITBI): Tax on the transfer of real estate properties. The Brazilian tax code is known for its high complexity and the burden it places on businesses and individuals. Tax rates and regulations can vary significantly depending on the region and type of activity. It’s an absurd.
In Brazil, we often say that we pay taxes like a wealthy country but receive public services like a poor one. Brazil is ranked as one of the countries with the highest tax burdens in the world. On average, a Brazilian works five months of the year just to pay taxes. Most of our taxes are on consumption, so if you buy a product for $100, know that about $50 of that is just taxes. We have the most expensive iPhone, the most expensive Big Mac, and the most expensive PlayStation in the world, and this isn’t an exaggeration-it’s the reality of living in Brazil.
Im live in Brazil. And the its insane. We have 50% or more in consum, 27% IRS, 100% for import, 4% of the car value per year, 0,5% of the value of your house per year.
@@nomadcapitalist This make economy small. Our purchasing power is low. I am engineer with high salary and I need to calculate a lot to buy a new car. A car here have 35% of price in tax. After buy each year we pau about 4% of car price in ipva tax and more 4% in insurance. People reduce consumption due to high tax but government do not understand this.
@@nomadcapitalist We don't. In Brazil, it has become common practice to get into debt by taking out loans to buy normal things like a refrigerator, stove, etc. and paying in 26 installments. 78.8% of Brazilians are in debt, according to the National Confederation of Commerce of Goods, Services and Tourism (CNC).
@nomadcapitalist the majority of brazilians live with a purchase power lower than a entry level job in US, most of the products are of low quality compared to neighbour countries like argentina. Ordinary goods like phones, computers, consoles and TV are almost a luxury item for many of us. The top 1% rich are mostly compose of high level politicians like chairmen, executive and primarely judges. The minmal wage is something like R$1400 and this cannot handle rent and basic needs, it is adjusted bellow the real inflation of ~15% a year, the official inflation rate is aways bellow: 6 to 8%. If you don't earn more than R$4k, you can forget having even a popular car, and don't even bother thinking about real state, there is no change for 80% of brazilians
i heard a lot of horror stories about Brazilian import taxes and also in some other south American countries in most countries taxes are not a big deal for the average person. but in brazil it really ruins a lot of basic things .
Bro, here in Brazil we pay taxes for have payed taxes. A popular car here, half of the price is taxes, and we have annually pay IPVA, 4% of the car price. So, the average monthly payment is R$2000, the less expensive 0km car cost R$70000 (Renault Kwid)
@lucasthielke but nowhere else car companies profit over 20% in new car sales, so it's not just taxes. The profit margin in Brazil is huge, bc Brazilians have an ego for social status that blinds them over any price logic. And as long as there's someone willing to pay, they will charge. Also most Brazilians are usually economically educated on TH-cam and Facebook, so they're not. You wont find the same here in France.
There is about 100% of tax rates in imported products, this only increased to this rate in the last almost 2 years of Lula, before that, it was bad, we can guess about 40% at least, but not 100% rate bad
@@RobsonLanaNarvy Bro, everything have 100% or closer, thay just mask it. Just think, costumers can't display the price without taxes when you go to the stores, so you don't know the much you are paying on the last step, but... Every step of the produtcion line have to pay the same taxes, so we basicaly pay taxes for the same final product 5? 6? 7 times?
The taxes will increase and decisions against the taxpayer in courts will also grown. Brazil's government is more akin to the those of Venezuela and Cuba than most people think. They just didn't yet had the chance to implemment there full agenda
Taxes have increased a lot here in Brazil. About consumption and income tax. To give you an idea, we now pay 92% tax on purchases on Ebay of products that are not in Brazil. All this thanks to the current socialist government, which ingeniously is increasing state spending a lot, and to pay the bill by increasing taxes.
Living in costa rica now for 20 years. You are incorrect about the taxes. If you want to go iut to eat you pay 23% tax. Pretty much anything you buy from construction materials to electronics to autos. You pay double the price of what they are worth because they are taxed heavily.
these taxes are high since revenue coming from income tax is low. this tendency is the same in latin america, bc they don't get that income most of the times, they rise sales tax to cover up the loss income.
I think the government's instability is essential. One day, you have one president, and in two years, there may be someone new. I have friends from Argentina who go there often. The Americans say, "They let this white guy," etc. I find this ironic because most Argentinians are of European descent. There are white people in every Latin American country. People say to me you are white you do not look Hispanic. Hispanic is not a race. The best Italian food I have ever eaten is in Argentina!
yeah... i hate that. a lot of americans dont understand the origina and descent of latin american nations. Thry think latin hispanic people started by themselves in the woods or something. total ignorance.
@@thomashilmersen711The context of history is very important here. What was happening (more heavily than the past) from the the mid 90's to 2010? It was not just Pablo. People/whole communities were being "deleted" and massacred because they tried to vote, because they got together to support a political candidate, they tried to form a union or take part in a union that better benefits the workers, political leaders who just wanted their community to have clean drinking water vs international corps taking their water, etc. I've spent a lot of time there, also have read a lot about the history and learned a lot from my ex and her family and my friends there. Political corruption has kept the country "seeming to be" right leaning or libertarian outside of general religious/family traditionalism
@@MichaelWashingtonAE Good point. The problem with countries such that Colombia is that the "bad guys" have been winning for so long and the "good guys" have been punished. This has created a general feeling in the population that it is "smart" to be bad (and get away with it), whereas it is considered naive and stupid to be good.
I'm Brazilian and Brazil really is a fiscal and bureaucratic hell. Mainly bureaucratic, here it is more difficult for you to know how much tax you need to pay than it is to actually pay it. I'm so used to this hell that I can't even imagine what it's like to live in a free country. Everything is controlled by the government, businesspeople are seen as villains and profit is frowned upon by society. Here it became a true communist country. As incredible as it may seem, it is slowly improving. Before the 2000s we couldn't even import technology, what we had were pirated copies of goods from abroad. But I still have hope for improvement here.
I study accounting in Brazil and it's the hell. Here, the accountants works mostly for tax reduction and the tax system is so confusing that a lawyer just made a book with all tax legislation and the book finished with 2,1 meters height (taller than LeBron James).
Sales taxes are very high in Brazil, therefore Electronics, home appliances, cars etc are very expensive (around 50% more expensive than in US). On the other hand, services tend to be cheaper, so if you have a nice income you might be able to live a much more comfortable life than in some rich countries. Healthcare, housekeepers, home care nurses, nannies, restaurants, etc.
The USA used to believe in Freedom. Nomad Capitalist should get Elon musk to come give a speech. Elon tweeted how he cashed out shares of Tesla to buy twitter. He paid 55% taxes. So Elon spends more time working for the government than he spends working for Tesla.
forefathers, even. Just a question... did you go to public school in the United States? Behold the utter failure of the US tax system to direct it's ridiculously-high revenue toward education.
@@kaptainwarp, "To me pornography is...spending all your money & not educating the people in America, but spending it instead on weapons." ~Bill Hicks
@@kaptainwarp I went to a public school, public college, med school, did really well and now retired. Maybe you should take some responsibility for your failure and quit blaming the system.
In Perú only big corporations are audited, most small businesses are "informales"... In any case, income tax is 30%. Personal tax, for earnings in investments is 5%. Sales tax 18%... "Informal Economy" is 75%.... Peruvians are extremely entrepreneurial... While the private sector moves at 150 km/hrs.. the public sector moves at 20 kms/hrs Unfortunately....
Income tax is not 30%, it comes in brackets. The maximum is 30% but it will include all the other brackets, so if you earn, for example, 100k soles (that's less than 30K USD) you will pay almost 7k soles in taxes in the whole year and you have to include the sales tax that is 18%. Edit: Also there's 5 types of income taxes and each one has different rules and % that the government will take from you and that's just people. Business are something entirely different. That's why we have so many "informales", also because people don't see the benefit in paying taxes because the State has abandoned them.
@@nomadcapitalist Panama is far better and so it Nicaragua (but this second one is too politically unstable). I'm here more for the people than a good level of living. I'm a citizen now so I might try my hand at politics to see if anything can be sorted.
Hey, I'm in Australia. Wondering if the stuff you recommend is USA specific or does it translate to other western countries? I know the US tends to have quite unique tax laws. Positive cash flow properties don't tend to work in Australia for example.
I'm in Spain so maybe it's similar to Australia. Even though I am investing in NASDAQ stocks through my bank, Spain will automatically tax and withhold 19% of dividend income up to €6,000, 21% up to €50,000 and 23% up to 200,000€ and 26% after that. While this may seem unfair compared to the US having dividend income tax free, these taxes help fund our excellent health care that we use and also pays 100% of my son's very expensive medication, so in the end I still end up with most of my dividend money and not worrying about health care which can be expensive in the US to include co-pays and Emergency Room visits that do not exist here.
Only thing I should add here is that dividend income is only tax free if it is part of a drip plan or if its in a tax free account like a Roth IRA or a 529 college savings plan here in the US. Otherwise it gets taxed at the same rate as your regular yearly income tax. Since you live in Spain and not the US I would say that you should see if your country offers any of these similar plans or accounts.
@chipaguasustudios yes Paraguay the country that it's ages behind in every economic and social development standard than the ones that are decent but with more higher taxes(Uruguay, Costa Rica and Chile or even Panama and Mexico) obviously it's a good county for people that are looking for a tax heaven while don't care about the horrible living standards and poor development and salaries the country have, ofc El Salvador, Paraguay, etc have better oportunidades to elude the most but the people that are real locals suffer from bad to cero public help in key areas and bad infraestructure.
As former Brazil tax payer I agree on the Tax Hell. Even hell is taxed there also this comment read by Brazilians are taxed they even have a economy minister that is has tax on his name.
I live and work at Uruguay. It is such an expensive country that you wouldnt believe it! As Im used to saying it, Its like paying as if you were in America, but living in Uruguay. What he said about taxes, you will easily pay from 24-36% on just income tax, let alone the other 1000 taxes they come up with.
At least Costa Rica along with Chile and Uruguay it's one of the better and more developed countries in Latin America due to its public investment and social standards and economic output, and have the better salaries in the whole Latin America in comparison with those tax heavens that have terrible under development and half or even less in salaries for their local people because yes in Latin America those countries you're looking for with low taxes are the ones with poor development and poor economy like Paraguay, Guatemala, El Salvador, etc that are like 30 years behind in every important aspect of development and economy
Brazil is the absolute tax hell. We have an extremely onerous tax system with high legal/accounting complexity. The tax system is so comolicated that in the past Govt had to launch a simplified version (simples nacional) just so small businesses could pay 😂. Otherwise many businesses wouldn't know how to properly pay their taxes.
With a title like that I expected Brazil to be the first mentioned, so I was a bit surprised with the video. But fear not, for the comment section came in clutch. If Latin America is Tax Hell, Brazil is at the lowest circle.
I wish I could get out of Brazil taxes hell, but I got into so much debt because it's the only way to live here with some kind of confort, like, having a TV and a fridge.
Mexico, the country which is my tax residence, is a tax haven for me (not in the exact terms of what “tax haven” legally means, careful), because there is a tax regime called “Simplified Trust Regime” of a social nature, where all taxpayers with total income of 3.5 million pesos pay an income tax rate of 2.5%.
@@ReadingOcelotl only for services, because when importing goods, 16% of VAT and other taxes are paid at customs. Although that has nothing to do with the “income tax” but with another tax.
@@nomadcapitalist economy is slowly being de-regulated; meaning less bureaucracy and some taxes being removed. Things will drastically change when a tax called 'Country Tax' (Impuesto Pais) is removed, this will make flying, imports and exports much cheaper. And finally the 'Cepo Cambiario' should be removed when/if Trump gets elected. This will allow people to get access to the US$ legally and be able to make international wire transfers. If these two things happen I see a lot of opportunities for investing in Argentina.
@@nomadcapitalist My comment got removed somehow. tldr; a bunch of de-regulations and tax removals will make Argentina an interesting place for investing in the near future.
@@modernclicsok with investment just don't gentrificate more the economy for actual locals because we have been suffering from irresponsible investment in the whole Latin America that just ruin the local businesses and rise the price of living for local salaries and stuck people in poverty in several regions
Just some info : U dont have to pay income tax in Argentina if u earn a maximum amount of 1,77 million pesos a month. This is around 1900 dollars a month if u go by the official exchange rate. U can live like a king in Argentina of 1,77 million pesos a month. The president before Milei decided this ( 2023 ) to win votes for the upcoming election.
I happened to check taxes on financial income in Brazil, and it is roughly 15%, which is much better than most European countries. And it is 15% on pretty much the base you are willing to declare.
Why to buy property in Latin America when you can rent beautiful places and stay for 6 month wish is allowed as a tourist ,but buying is very tricky,all you need someone change the game and you end up whether losing your investment If there’s any unrest you can leave the country in moment notice ,
In Colombia it is hard for foreigners to get a long term rental. You need a crefitworthy local person to guarantee rent payments. You can rent Airbnbs but the cost is twice as high.
Brazil is the big stable--ish giant of Latam. Its not great. Their currency has been doing well recently against the dollar... But taxes are high compared to malaysia or dubai, and they are more complicated. Brazil has a strange political environment where everyone kinda hated on the last business friendly president, and then elected a Joe Biden... because he says a bunch of slogans about the environment and protecting it.
I'm surprised by what you said about Bolivia. The tax framework there is territorial with no management-based residency and no CFC rules. Also, if you are from Mercosul the residency is extremely easy with a fast path to citizenship with double citizenship allowed. I am curious about why you think it is "the country with the least opportunities to for planting flags in all South America".
I've been seeing a lot of import export from Bolivia to Colombia or vice versa... One person I know in Bogota was making equipment for a hair company in Bolivia.
"Riesgo pais" is one of the worst in the region, only beaten by Venezuela. Also the govt is ultra-left wing and strongly supports Maduro's dictatorship.
@tthaylor Exactly, I thought the same that Bolivia was one of the more favorable locations in terms of taxes. Would be good to get some explanation on his comments.
As an Argentinian, I must say I feel disappointed and let down by my government. We are ONLY number 3 tax hell worldwide. How could they let this happen? What a disgrace.. smh
Uruguay es persecuting homeschool families right now, despite being completely legal. That’s going to discourage many families from going there. I think Panama with complete education freedom is far better right now.
Brazil is actually kinda fine, dividend taxation is 0%, there are also a bunch of loopholes that you can use to pay less taxes. I pay basically no personal income tax here and my online business pays 8%
@@Summersault666 You're mixing some things up. Treasury bonds are indeed taxed at 15%, but dividends (including those from stocks) are taxed at 0%. Personal income is taxed at up to 27.5% for employees. As a business owner, you can pay yourself a minimum wage and receive the rest of your profits with 0% tax.
@@pepchristian you will pay 15% on dividends now, and soon you will pay on loses too. In USA you are taxed on profit only. You can deduct expenses before tax and 401k code. Brazil has the worst tax code in the whole world by far! Your business will bankrupt soon.
In Brazil there is no IVA yet. The nost difficult is that you have multiple taxes. It is really difficult to calculate costs when importing products in the companies. The tax are higher and confuse.
Don't know how did I end up in this video., but if you want another country citizenship you should pay their taxes. They should even charge taxes to digital nomads, if you come from another country with way more money than the locals, you are raising living prices for local people, the least you can do it is to pay taxes. If you want to invest in the country, that is a different story.
Doesn't help the local businesses actually providing the country with critical services and products. Taxes here are absolute shit and genuinely make me want to bury the entirety of Aduanas and Hacienda.
I used to passively watch this channel back when there were 300,000 subscribers give or take. Now that I have a Latina girlfriend in Mexico who I might marry, I'm extremely curious into obtaining Mexican citizenship and im watching this channel like a hawk. This channel focuses heavily on Latin America's, all of which are right up my alley. I'm born and raised San Diegan so of course we have Mexican ties
Marrying does NOT get you Mexican citenship, having kids does get you permanent residency. But if you have Mexican family (not your gf) there are ways to get citenship.
Latin America is often labeled a "tax hell" due to its complex tax systems, high evasion rates, and significant informal economies that undermine revenue collection. To improve finances, governments could simplify tax regulations, enhance enforcement measures, and broaden the tax base to ensure more comprehensive and equitable contributions from all economic sectors.
@@Jonathancolter7100 There are a lot of strategies to make tongue-wetting profit especially in this down market, but such sophisticated trades can only be carried out by proper market experts
which is the best country to retire to and live comfortably for the rest of one's life, where people have the right to property ownership and pay no tax on it? I would appreciate any info, please.
I am Brazilian and tired of paying taxes. I am opening a company in Colorado to pay less taxes on a digital business. There, the operation is cheaper and there is greater legal protection. Don't just analyze the taxes paid. There are places where the tax is very low due to 'tax subsidies,' but the production cost is very high, and you will face other types of problems.
In Brasil, of every R$1 that a company sends my way as remuneration, most is taken by the government. First there's a payroll tax of just over 40% of the money destined to me. (People often say that the company pays this, not the employee; precisely what the government prefers that they think, but it's incorrect.) Of the ~60% that remains, the government then takes 27,5% as income tax. After which I use the crumbs left over to pay property taxes, vehicle taxes, and the taxes that the government levies on nearly every product and service.
How does this work? I thought that for temporary residents with work permits, it depends on the agreement with the company. They can cover your taxes (maybe social security) first until you become a permanent resident, after which you pay for both.
Well, as an argentinian I’m gonna tell you my history, I’m 23 yo and I have been evading taxes since I’m 19, I have a business that practically all transactions are in cash, that’s beautiful but the problem is I can’t own an apartment or an expensive car cause I have no way to prove where that money comes from. But in a couple of years me and my fiancee are going to move to a tax haven in the caribbean, maybe barbados or bahamas
El Salvador, for many years, was a "Territorial Tax" system. For some reason, I think it was during the administration of Funes (who is now a "fugitive from justice" living in Nicaragua) they stopped out of that system. Word is they may be going back. Maybe at Nomad Capitalist Live, some of the government officials from that country in attendance can be pressed, or impressed about the importance of this topic!
I think it's misleading to say Uruguay gives you passport in 3 years. Anyone not born in Uruguay cannot have a functioning passport, they're something like a second class citizen and can't travel to all those countries visa-free and maybe can't fly at all
@@1queijocas Not, not the same as Uruguayan born nationals, your Uruguayan passport will have your country of birth as "Nationality", Uruguay is the only country in the world with this dumb thing. "For naturalised legal citizens, the nationality of origin will still apply as Uruguayan nationality law currently doesn't give nationality to naturalised citizens, which may mean a visa may still required when travelling. This challenge appears to arise from a literal interpretation from the ICAO 9303 part 3 manual, which in its Spanish translation, uses the word nationality rather than the original English version which refers to citizenship in the case of the country code that applies in the machine readable zone. Paragraph 7.1 of ICAO 9303 part 3 notes that an error to avoid is "MRZ citizenship incorrectly reports the country of birth rather than citizenship.". Uruguay's national identity authority uses country of birth in lieu of nationality for naturalised citizens, leading to error responses on migratory and airline legal identity checks."
If your business are online or remote you are pretty safe from taxes in Brazil cause it doesn't tracks foreign banks accounts, it only gets complicated when you try to bring too much money, manufacturing physical products, importing and others, if you open a business you have to hire an accountant so they will make all the tax work for you, most tax goes in the invocing so the client will end paying everyting, and your profit are safe if you receive in dividends 0% taxes in the us is 30% taxes in dividends for example, and you will only need to worry about attracting clients to sell at the end of the day which is the hardest part in any country.
This year may be worse. Last year I lost a lot of money due to poor investing decisions that I would not have made if I hadn't been so concerned about my portfolio. I wasn't sure whether to continue investing or make mortgage payments. After selling my investments, I realized that the house needed more work than I anticipated. I'm not sure how long I can keep going like this
_Hello. I am living in Peru, but not sure if it is tax-heaven or tax-hell. Do you have any data about this ? They have this regulation for MYPE ( micro y pequeña empresa), it means micro-enterpreneurs -> """"Impuesto a la renta depende del monto de ingresos que estés obteniendo (hasta 300 UIT o S/ 1,545,000.00 solo pagas el 1% de los ingresos netos mensuales, y si superas las 300 UIT o S/ 1,545,000.00 será el que resulte mayor de aplicar el coeficiente o 1.5%)""" this means we have to pay 1% income tax, if our income as an enterpeneur is $417k and 1.5% if income is over $417k . . . Could you help me to compare ?_
In Costa Rica, taxes are very simple. EVERYTHING has a tax. Our tax system may be competent, but we have sky-high prices on a lot of products due to taxing. This is specially bad for imported products, their prices double the second they enter CR...
Costa Rica has 50-100% import tax, 30% ish income tax, 30% corporate tax, 13% sales tax, large annual car tax. Big transaction fees for cars and houses. but, small RE taxes.
We may not be a "tax hell" due to how taxes are managed, but we are in the Top 5 for most expensive countries in Latin America, and easily the most expensive in Central America...
@@7upinthenite Wow! But you guys manufacture a lot of things like cars, clothes, buildib ng materials, oil, etc right? We are such a small country and make almost nothing so most products are imported.
Here in Brazil, we pay a lot of taxes and receive practically nothing in return. Our finance minister Fernando Haddad wants to tax everything and everyone. He has been nicknamed Fernando "Taxad".
BS, Europe has lots of taxes as well. It is about management of those taxes. El Salvador burned billions with the crypto 20% drop. Argentina currency is 10 times worse. Every mining and oil company in LATAM is from Canada, US, and Europe. The profits all go to foreign countries, paying as little taxes as they can. Regular people are the ones who suffer.
I was waiting for Chile to be mentioned, the Sales Tax is 19% country wide (or long in this case), which can be a deterrent for many wanting to live there.
For those who wonder why Chile was not mentioned in this video, it is because it does not belong to Latin America as such. Chilean Spanish nobody understands Ciao !!!
I can’t believe they forgot to mention and expand on Brazil in this Tax hell list 😅 the largest country and one of the worse to do business in South America
@@joebloe4374 1) have ownership of a foreign company 2) be employed by a foreign company, work remote or work in the local offices 3) be invested in a foreign company and get investment returns 4) own real estate in a foreign country and generate income 5) be retired and get retirement income from a foreign country ... This video is not for people who plan to work in these countries. It's for high net worth individuals who are trying to optimize taxes by living abroad.
@@joebloe4374he means that if you live in Chile as a foreigner, you don’t pay any taxes on passive foreign income for the first 3 years. Then taxes shoot up.
What about Perù? You rarely mention it, in passing at best. There is a “Rentista” visa program there that I am considering. You can reside there & pay “0” taxes on income sourced outside Perù. However, to maintain Rentista status you must reside 6 mos +1 day minimum per yr to maintain Rentista status. You cannot work in Perù on Rentista status. Retirees enjoy perks (reduced mass transit cost as an example). Health care is reasonable cost with fast service. Peruvian cuisine is rate the top globally.
Beautiful country with incredibly diverse geography and gastronomy. It is not the best option if youre considering going "where your capital is treated best", many leave very frustrated. I would recommend doing a test run first
Andrew at one time, both Belize and Panama were hot countries for second passports. What happened to the Panamanian teak/citizenship track and Belize citizenship options?
andrew is talking about taxes, not second passports. A lot of investors have gone to panama and built it up really fancy, to the point that it doesn't look like any other LATAM country, so panama has been slowly taking advantage of that and raising taxes.
@@davidanalyst671it's normal they need to increase public investment in key areas like public education and health care system because the actual Panamanians need to develop it's county rather than be a text heaven for inmigrants that care cero if local people have needs or the country lives under poverty because while they enjoy their privilege
The reason that most latin american countries are tax hell's is because the tax base is so small, a lot of economic activity is informal. Panama only has a 20% tax rate on domestic income and some buildings are tax exempt so no tax on rental income.
Yeah, as an interenational tourist, I do benefit from high tax countries lifestyle, yet do all my shopping at the airport dutyfree. For an investor, it's trickey. So you have to be aware of the issues.
@@Cynicruss2 I hope so, taxation is theft. That's why whis channel is about, to avoid paying taxes by moving your money elsewhere. That's why you are here too ;-)
@@Summersault666 it's not theft to me because I don't create fiat nor do I live in a vacuum like a feudal lord. This channel is about reducing you tax burden and exercising your options. If you want to pay zero taxes there's always actual theft like crime. :)
Thank you for your question. In this video, we cover issues with Bolivian citizenship, including the lack of tax-friendliness: th-cam.com/video/IpAxrwDw90o/w-d-xo.htmlsi=B_Y5BmVbWsRKwrPy&t=292
For wealthy people reporting actual global income and assets, Colombia is tax hell too. The idea of not being there more than 6 months a year is good, but for most guys it is not sustainable. They fall in love with a local girl and end up wanting to stay the whole year or to bring her back to the US.
Agreed. Most guys arent even able to be a client of this guy who wont talk to ppl with less than 1 million . Life is short . Making all decisions based on $$ and living life in a constant pursuit of $ is a choice . Not all are materialistic. Most yeah , but some dgaf and prefer life .
I remember that once if you wanted to pay for something like a game on Steam, Netflix or something that the government assumed was foreign currency, even if the price was local, you had to pay a little more than 100% taxes. Now is somewhere around 60%? but 100% + was horrible i used to joke that i buy a game for me and another for the government.
Panama is without doubt the most friendly when it comes to taxes. And, I don't know why you say getting a citizenship is hard, as I never met someone(other than venezuelans) being rejected. We like people that is interested and love our country. I live in a city near the frontier with CR, and I have met a lot of foreigners that became citizens and a lot of us here are second or third generation.
How is it possible that you forget to mention the largest country of Latin America ? I did not hear the word "Brazil" even once. Or didn't I pay enough attention ? BTW... Suriname is listed as an "elsewhere" country, but actually it is just beside Brazil and Venezuela in Latin America.
Probably because you should stay away from here. Our vat will be the largest in the world at 28%. Lula is talking about placing a 40% inheritance tax on assets above 60,000 reais (10,500 USD). You will not have any physical or legal security, we have states that are governed by organized crime and the laws for companies change every month. Our debt is approaching record highs and the government has no intention of stopping spending. Furthermore, we have one of the most complex tax systems in the world and even experienced accountants are not sure about things. Don't come to Brazil, it's not worth it. The Brazilian population are slaves to politicians.
Empresa não paga imposto, quem paga é o consumidor, está embutido no preço. Da mesma forma quem paga salário, inss, irrf e fgts também é o consumidor. Para distribuir lucro, o resultado já foi tributado, mas se passar a ser ter uma alíquota, o preço das mercadorias vão aumentar, ou seja, o consumidor que paga. O código tributário é enorme e complexo por um motivo, o que é difícil de entender, também é difícil de questionar. Quanto de imposto pagamos realmente? Quando somos mal atendidos pelos entes públicos, não temos a opção de usar nosso dinheiro de impostos em outro lugar.
Chile has a lot of taxes that are not named taxes. They usually name it something else like permits or stamps. Just as an example the municipality demands that you install a traffic light because you build something near. Thats a tax. Then you can only buy the light from a few choosen companies, that is another tax. Then you need to pay for the permit to break and install the light, so another two taxes. Then you need too pay those other two again two different days for some goverment agent to check the instalation and they wont come the same day. You could do that all for 1/8 of the price just from buying the traffic light some place else and it would be a better one and less of a bitch to install and connect to the city.
I asked some small business owners in Mexico about paying taxes. They said that they don't pay taxes, they pay the cops.
I wonder which is cheaper
aka security and help when they need it
@@swatisquantum The cops work for the cartels. Lol.
@oreilly81
@swatisquantum
sounds totally reasonable especially if they are being undervalued & underpaid by the government.
Just as long as it's a fair wage & not abusing their power to intimidate & steal $$ from residents
Thats pretty broad brush .. México .. like saying we pay the cops in the USA .. where ?
As a Brazilian, here are some of the atrocities that happen here.
- Want a new vehicle? Around 38%~ of its value is taxes. Not to mention gas prices come with its own taxes as well, varies per state (but its around 30%)
Oh, you want to drive your vehicle? Pay IPVA (Motor Vehicle Property Tax) and the licensing on your vehicle YEARLY.(again, varies per state, IPVA is between 1-4% of the vehicles VALUE.)
- If you live anywhere but under a rock, you need to pay a Tax on Urban Property and Territorial Property (IPTU), which varies depending on your state, can go as low as 0.6% or 1.4% of the property value. There is also one for Rural areas, but it's essencially the same thing.
- Recently the government approved a law that taxes imported products by a ludicrous 92%, if said product goes above a $50 threshold. (they also want to get rid of this threshold, so anything is taxed).
The Olympics are happening right? One gymnast won R$826k (U$145k~) from the Brazilian Olympic Commitee, she needs to pay 27.5% of her earnings as income tax (R$227k, or U$40k)
I just scratched the surface, theres PLENTY more where all of those came from.
Correction: Government is already taxing imported goods below 50USD at 44%
About the Olympics: 27,5% is a fair tax rate across the world for income. Brazil is hell because the taxes on goods not on income.
Yet, this will be perceived differently by foreigners and Brazilians. Foreigners don't know how awful are the public services, but we know that even with 1% tax, Brazil is not worthy.
Didn't Lula raised the IVA to be the highest of the entire planet too
38%? no, it is 45% if it is national production if it is imported it is 80%
@@alann346 27.5% a fair tax rate? In what world? She won that money fair and square, why the hell should a quarter of it go directly to the government's pocket? Y'all are too comfortable with the gov just deadass taking money from you
@@alann346 If my country was taxing me 27.5% to do jack shit and allow rampant crime, I'm sure as hell evading taxes.
In mexico there is a criminal tax called "Derecho de piso" that is when you establish a small business and suddenly criminals come to you and demand a payment to do business in that area, otherwise you risk to be killed or your business destroyed. Fortunately it doesn't happen everywhere. But many successful business owners have died because of that.
In Brazil they call these people "Miliciano" the police are their own cartels in Rio. They tax business , gas, water, cable, internet, build sell/rent real estate and they sell drugs
Thats extorsion... and it only happens in certain areas
This happens in Rio too
@@VentasLatam "certain areas" would mean all the country with the leftist narcogov that represents Morena.
Nope, it has been happening since Calderón narco war
In Brazil our economy minister is called TAXAD!
Tax-add 😅😭
I'm a Brazilian and it's true. His real name is Haddad but people renamed him to Taxad.
Cuidado, se não ele taxa seu comentário...
Yes. He is. By idiots like you.
A dica que dou aos gringos, NÃO VENHAM AO BRASIL KKKKKKKKKKKKKK
Brazil is such a nightmare when talking about taxes. We pay so much money in taxes and we have absolutely no return from the government. The quality of public services is just getting worse every year. No surprise so many people are leaving the country. 😕
Welcome to our world usa
On average theres less taxes in brazil than in usa. The problem is that brazil taxes consumption, and USA taxes income.
@l806m taxes in the USA are crushing. 35 trillion is debt...talk about government spending and we see zero benefits from it all. All for the w a r machine. Sickening
@@clroger4 Most brazilians don't know english, or any other language for that matter, so they are kind of isolated from the world. The result is: they think they are the pariahs of the world, always suffering, always in pain, nobody goes through such pain as the brazilians.
Every day they wake up, and two or three people they know are dead, the policemen break their door down and take two of their newborn children to sacrifice to Lula, and if they make it through the day, they get to eat a single slice of bread, and sleep on a stone slab.
Of course, that's not how it goes, but it's how they see it happening, and the image they export everywhere else.
Fun fact: Brazilians also think the USA is Valinor, where people don't die, ever, there are no robbers, there is no corruption, american farts are rose scented, they shit gold, and piss apple juice.
@@israelmontefusco6300in proportion, Brazil collects ±34% Of GDP in tax, USA collects ±20%.
In gross values, the US collects more, but proportionally to the country's wealth, Brazil is the hell.
Brazil I don’t know I’m living in Canada 🇨🇦 and there is tax on tax on tax on tax on tax every penny here in Canada is taxed the worst country in the world is here under Trudeau.
The CRA stole money from me and when I tried to get it back, they audited me. Went back 7 years and sent me a letter, urging me to pay up like I was a tax cheat. I owed them a staggering 37$ and 23 cents. I hate Canada and want Quebec to be free from these parasites. The hate I have for this hypocrite country is undescribable. I 💩💩 on canada. I wipe my butt with it's flag.
We made a playlist on the topic of 'Death of the West': th-cam.com/play/PLlVUJeLNo-5It7UCqSY2QSSOiqcHPFcfI.html. Maybe you'd find it interesting to check out!
In Brazil, the tax system is complex and consists of federal, state, and municipal taxes. Here are some key taxes.
Federal Taxes
1. Imposto de Renda (IR):
• IRPF: Imposto de Renda Pessoa Física, a personal income tax.
• IRPJ: Imposto de Renda Pessoa Jurídica, a corporate income tax.
2. Imposto sobre Produtos Industrializados (IPI): Tax on industrialized products.
3. Contribuição para o Financiamento da Seguridade Social (COFINS): Tax to finance social security.
4. Contribuição para os Programas de Integração Social e de Formação do Patrimônio do Servidor Público (PIS/PASEP): Contribution to social integration programs.
5. Imposto sobre Operações Financeiras (IOF): Tax on financial transactions.
6. Contribuição Social sobre o Lucro Líquido (CSLL): Social contribution on net profits.
State Taxes
1. Imposto sobre Circulação de Mercadorias e Serviços (ICMS): Tax on the circulation of goods and services.
2. Imposto sobre a Propriedade de Veículos Automotores (IPVA): Tax on motor vehicle ownership.
Municipal Taxes
1. Imposto sobre Serviços de Qualquer Natureza (ISS): Tax on services.
2. Imposto Predial e Territorial Urbano (IPTU): Property tax for urban real estate.
3. Imposto sobre a Transmissão de Bens Imóveis (ITBI): Tax on the transfer of real estate properties.
The Brazilian tax code is known for its high complexity and the burden it places on businesses and individuals. Tax rates and regulations can vary significantly depending on the region and type of activity. It’s an absurd.
In Brazil, we often say that we pay taxes like a wealthy country but receive public services like a poor one. Brazil is ranked as one of the countries with the highest tax burdens in the world. On average, a Brazilian works five months of the year just to pay taxes. Most of our taxes are on consumption, so if you buy a product for $100, know that about $50 of that is just taxes. We have the most expensive iPhone, the most expensive Big Mac, and the most expensive PlayStation in the world, and this isn’t an exaggeration-it’s the reality of living in Brazil.
Im live in Brazil. And the its insane. We have 50% or more in consum, 27% IRS, 100% for import, 4% of the car value per year, 0,5% of the value of your house per year.
I am brazilian! Here we work from 1 january till 27 may only to pay taxes. Umbeliaveble but true. Everything you buy have taxes over taxes.
Thanks for sharing your experience. How do you manage with such a high tax burden?
@@nomadcapitalist
This make economy small.
Our purchasing power is low.
I am engineer with high salary and I need to calculate a lot to buy a new car.
A car here have 35% of price in tax.
After buy each year we pau about 4% of car price in ipva tax and more 4% in insurance.
People reduce consumption due to high tax but government do not understand this.
@@nomadcapitalist We don't. In Brazil, it has become common practice to get into debt by taking out loans to buy normal things like a refrigerator, stove, etc. and paying in 26 installments. 78.8% of Brazilians are in debt, according to the National Confederation of Commerce of Goods, Services and Tourism (CNC).
@nomadcapitalist the majority of brazilians live with a purchase power lower than a entry level job in US, most of the products are of low quality compared to neighbour countries like argentina. Ordinary goods like phones, computers, consoles and TV are almost a luxury item for many of us. The top 1% rich are mostly compose of high level politicians like chairmen, executive and primarely judges. The minmal wage is something like R$1400 and this cannot handle rent and basic needs, it is adjusted bellow the real inflation of ~15% a year, the official inflation rate is aways bellow: 6 to 8%. If you don't earn more than R$4k, you can forget having even a popular car, and don't even bother thinking about real state, there is no change for 80% of brazilians
Foreign earned income is taxed at 25%
i heard a lot of horror stories about Brazilian import taxes and also in some other south American countries in most countries taxes are not a big deal for the average person. but in brazil it really ruins a lot of basic things .
Trust me, the stories you've heard about Brazilian import taxes are real. It's nonsense.
Bro, here in Brazil we pay taxes for have payed taxes. A popular car here, half of the price is taxes, and we have annually pay IPVA, 4% of the car price.
So, the average monthly payment is R$2000, the less expensive 0km car cost R$70000 (Renault Kwid)
@lucasthielke but nowhere else car companies profit over 20% in new car sales, so it's not just taxes.
The profit margin in Brazil is huge, bc Brazilians have an ego for social status that blinds them over any price logic. And as long as there's someone willing to pay, they will charge. Also most Brazilians are usually economically educated on TH-cam and Facebook, so they're not.
You wont find the same here in France.
There is about 100% of tax rates in imported products, this only increased to this rate in the last almost 2 years of Lula, before that, it was bad, we can guess about 40% at least, but not 100% rate bad
@@RobsonLanaNarvy Bro, everything have 100% or closer, thay just mask it. Just think, costumers can't display the price without taxes when you go to the stores, so you don't know the much you are paying on the last step, but... Every step of the produtcion line have to pay the same taxes, so we basicaly pay taxes for the same final product 5? 6? 7 times?
In regards to rule of law Latin America is particularly terrible.
In Brazil in particular it is a nightmare, you never known what is coming next.
Thanks for sharing your perspective. Why do you think it’s going to get worse in Brazil?
The taxes will increase and decisions against the taxpayer in courts will also grown. Brazil's government is more akin to the those of Venezuela and Cuba than most people think. They just didn't yet had the chance to implemment there full agenda
Hadadd = Taxadd every single day a New tax he pulos up fro, his A hole. They want us dead!
Taxes have increased a lot here in Brazil. About consumption and income tax. To give you an idea, we now pay 92% tax on purchases on Ebay of products that are not in Brazil. All this thanks to the current socialist government, which ingeniously is increasing state spending a lot, and to pay the bill by increasing taxes.
Same in 🇺🇸 now
absolutely true, BRAZIL is the bottom of that.
Living in costa rica now for 20 years. You are incorrect about the taxes. If you want to go iut to eat you pay 23% tax. Pretty much anything you buy from construction materials to electronics to autos. You pay double the price of what they are worth because they are taxed heavily.
This is so true everything you see in Amazon for example is double the price there
these taxes are high since revenue coming from income tax is low. this tendency is the same in latin america, bc they don't get that income most of the times, they rise sales tax to cover up the loss income.
You don't need a bank account in Bosnia, it's cash only 😂
I bet
Are there loans with interest in Bosnia?
On my way 😂
Not saying a word about Brazil made me infer that it is NOT a country which you'd come to. And, to be honest, I totally understand your position.
Here is a short we made about Brazil: th-cam.com/users/shorts7iLUYf_HVtg
I think the government's instability is essential. One day, you have one president, and in two years, there may be someone new. I have friends from Argentina who go there often. The Americans say, "They let this white guy," etc. I find this ironic because most Argentinians are of European descent. There are white people in every Latin American country. People say to me you are white you do not look Hispanic. Hispanic is not a race. The best Italian food I have ever eaten is in Argentina!
yeah... i hate that. a lot of americans dont understand the origina and descent of latin american nations. Thry think latin hispanic people started by themselves in the woods or something. total ignorance.
Colombia is a good example of this. In 2010 it was libertarian. Now it is ultra left wing.
Do you think its a good place for long term living?
@@thomashilmersen711The context of history is very important here. What was happening (more heavily than the past) from the the mid 90's to 2010? It was not just Pablo. People/whole communities were being "deleted" and massacred because they tried to vote, because they got together to support a political candidate, they tried to form a union or take part in a union that better benefits the workers, political leaders who just wanted their community to have clean drinking water vs international corps taking their water, etc. I've spent a lot of time there, also have read a lot about the history and learned a lot from my ex and her family and my friends there. Political corruption has kept the country "seeming to be" right leaning or libertarian outside of general religious/family traditionalism
@@MichaelWashingtonAE Good point. The problem with countries such that Colombia is that the "bad guys" have been winning for so long and the "good guys" have been punished. This has created a general feeling in the population that it is "smart" to be bad (and get away with it), whereas it is considered naive and stupid to be good.
I'm Brazilian and Brazil really is a fiscal and bureaucratic hell. Mainly bureaucratic, here it is more difficult for you to know how much tax you need to pay than it is to actually pay it. I'm so used to this hell that I can't even imagine what it's like to live in a free country.
Everything is controlled by the government, businesspeople are seen as villains and profit is frowned upon by society. Here it became a true communist country. As incredible as it may seem, it is slowly improving. Before the 2000s we couldn't even import technology, what we had were pirated copies of goods from abroad. But I still have hope for improvement here.
I study accounting in Brazil and it's the hell. Here, the accountants works mostly for tax reduction and the tax system is so confusing that a lawyer just made a book with all tax legislation and the book finished with 2,1 meters height (taller than LeBron James).
Apparently, Uruguay is the Switzerland of Latin America; very, very expensive ....
Less expensive than Chile
No sir that’s Costa Rica
You are absolutely correct, sir. It is a nightmare. Imagine paying 5 dollars for a 2 liter Coke...
@@daniloribeiro2361 coke is a poison ...
@@Agustin_RHahaha, no. At least in cost of living Uruguay is way way more expensive than Chile.
Moving to Paraguay for a few years coming from America and I can not wait it’s such a beautiful country and I plan on doing business in Asunción
Welcome home then! 😊
That sounds great, Caleb! Best of luck with your business endeavours!
Good job man, Paraguay is a tax heaven with only 10%. Good luck with your projects!
Greetings from Asunción
Sales taxes are very high in Brazil, therefore Electronics, home appliances, cars etc are very expensive (around 50% more expensive than in US). On the other hand, services tend to be cheaper, so if you have a nice income you might be able to live a much more comfortable life than in some rich countries. Healthcare, housekeepers, home care nurses, nannies, restaurants, etc.
Taxes? Ask the fore father's of America about this!
The USA used to believe in Freedom. Nomad Capitalist should get Elon musk to come give a speech. Elon tweeted how he cashed out shares of Tesla to buy twitter. He paid 55% taxes. So Elon spends more time working for the government than he spends working for Tesla.
forefathers, even. Just a question... did you go to public school in the United States? Behold the utter failure of the US tax system to direct it's ridiculously-high revenue toward education.
@@kaptainwarp,
"To me pornography is...spending all your money & not educating the people in America, but spending it instead on weapons." ~Bill Hicks
@@kaptainwarp I went to a public school, public college, med school, did really well and now retired. Maybe you should take some responsibility for your failure and quit blaming the system.
The Founders approved of the Boston Tea Party 💸
In Perú only big corporations are audited, most small businesses are "informales"... In any case, income tax is 30%. Personal tax, for earnings in investments is 5%. Sales tax 18%...
"Informal Economy" is 75%....
Peruvians are extremely entrepreneurial...
While the private sector moves at 150 km/hrs.. the public sector moves at 20 kms/hrs
Unfortunately....
Income tax is not 30%, it comes in brackets. The maximum is 30% but it will include all the other brackets, so if you earn, for example, 100k soles (that's less than 30K USD) you will pay almost 7k soles in taxes in the whole year and you have to include the sales tax that is 18%.
Edit: Also there's 5 types of income taxes and each one has different rules and % that the government will take from you and that's just people. Business are something entirely different. That's why we have so many "informales", also because people don't see the benefit in paying taxes because the State has abandoned them.
I live in Costa Rica. It's shit when it comes to taxes. Everything is ultra-expensive.
Go to Thailand or Vietnam, it much nicer and cheaper.
Come to Paraguay! I haven’t paid a dime in taxes yet
what really! I heard so many good expat thinfs about CR! Dont tell me they turned i to ledt wing over expensive hell hole too!
Have you looked into any nearby countries with more favorable tax policies?
@@nomadcapitalist Panama is far better and so it Nicaragua (but this second one is too politically unstable). I'm here more for the people than a good level of living.
I'm a citizen now so I might try my hand at politics to see if anything can be sorted.
Finally a more fair review of Uruguay. It´s appreciated!
Hey, I'm in Australia. Wondering if the stuff you recommend is USA specific or does it translate to other western countries? I know the US tends to have quite unique tax laws. Positive cash flow properties don't tend to work in Australia for example.
I'm in Spain so maybe it's similar to Australia. Even though I am investing in NASDAQ stocks through my bank, Spain will automatically tax and withhold 19% of dividend income up to €6,000, 21% up to €50,000 and 23% up to 200,000€ and 26% after that. While this may seem unfair compared to the US having dividend income tax free, these taxes help fund our excellent health care that we use and also pays 100% of my son's very expensive medication, so in the end I still end up with most of my dividend money and not worrying about health care which can be expensive in the US to include co-pays and Emergency Room visits that do not exist here.
Only thing I should add here is that dividend income is only tax free if it is part of a drip plan or if its in a tax free account like a Roth IRA or a 529 college savings plan here in the US. Otherwise it gets taxed at the same rate as your regular yearly income tax. Since you live in Spain and not the US I would say that you should see if your country offers any of these similar plans or accounts.
What about Paraguay? Literally zero tax on income acquired overseas.
We discuss Paraguay and its benefits in this video: th-cam.com/video/JN6JhqFusPQ/w-d-xo.html
How are thr hoes in paraguay? 10s or 8s or 6s and below? High price or low? Skilled or no?
A very good country. Greetings from Paraguay.
@chipaguasustudios yes Paraguay the country that it's ages behind in every economic and social development standard than the ones that are decent but with more higher taxes(Uruguay, Costa Rica and Chile or even Panama and Mexico) obviously it's a good county for people that are looking for a tax heaven while don't care about the horrible living standards and poor development and salaries the country have, ofc El Salvador, Paraguay, etc have better oportunidades to elude the most but the people that are real locals suffer from bad to cero public help in key areas and bad infraestructure.
It's going to get worse in BR
BR = Burundi
As former Brazil tax payer I agree on the Tax Hell. Even hell is taxed there also this comment read by Brazilians are taxed they even have a economy minister that is has tax on his name.
The US is tax hell in many ways, including regarding crypto.
Taxing citizenship sucks, but the US comparatively doesn’t have high taxes if compared to Brazil, Chile and most of the EU.
@@riptyurass302Uruguay might be better tax wise.
Chile seems like the most livable place in LATAM though they got flooded by Venezuelans.
@@riptyurass302 Not true, if you are a US citizen or resident, you will pay taxes over your gains anywhere in the world.
Crypto is speculation, so it can be taxed heavily.
Nobody wants to live in any of those cesspools @@riptyurass302
I live and work at Uruguay. It is such an expensive country that you wouldnt believe it! As Im used to saying it, Its like paying as if you were in America, but living in Uruguay. What he said about taxes, you will easily pay from 24-36% on just income tax, let alone the other 1000 taxes they come up with.
Paraguay!
We just moved to what our local lawyer calls “Taxa Rica”. 🤦♂️
😂😂
Beats Taxaachusetts
Meaning costa rica? Lol. Why did he say it?
At least Costa Rica along with Chile and Uruguay it's one of the better and more developed countries in Latin America due to its public investment and social standards and economic output, and have the better salaries in the whole Latin America in comparison with those tax heavens that have terrible under development and half or even less in salaries for their local people because yes in Latin America those countries you're looking for with low taxes are the ones with poor development and poor economy like Paraguay, Guatemala, El Salvador, etc that are like 30 years behind in every important aspect of development and economy
Brazil is the absolute tax hell. We have an extremely onerous tax system with high legal/accounting complexity. The tax system is so comolicated that in the past Govt had to launch a simplified version (simples nacional) just so small businesses could pay 😂. Otherwise many businesses wouldn't know how to properly pay their taxes.
Taxes are a nothingburguer compared to bureaucracy and corruption.
With a title like that I expected Brazil to be the first mentioned, so I was a bit surprised with the video. But fear not, for the comment section came in clutch. If Latin America is Tax Hell, Brazil is at the lowest circle.
I wish I could get out of Brazil taxes hell, but I got into so much debt because it's the only way to live here with some kind of confort, like, having a TV and a fridge.
No Bostil tudo é difícil 🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣
Mexico, the country which is my tax residence, is a tax haven for me (not in the exact terms of what “tax haven” legally means, careful), because there is a tax regime called “Simplified Trust Regime” of a social nature, where all taxpayers with total income of 3.5 million pesos pay an income tax rate of 2.5%.
Lucky you. The rest of the formal economy is taxed up to 35% because of the shitty Salary fiscal regime. 😢
Resico is amazing 🎉 especially combined with foreign income so you don't need to pay value added tax (iva)
@@ReadingOcelotl only for services, because when importing goods, 16% of VAT and other taxes are paid at customs. Although that has nothing to do with the “income tax” but with another tax.
@@Eisenheim68 yeah exactly I mainly export my services(work) abroad and thus don't need to pay that 16% vat.
This video is very informative, personally I believe in “no income shall be untaxed” so great for showing possible loopholes to be fixed!
Uruguay and Brazil are the worst regarding taxes.
Any chance you can do a quick video on the Dominican Republic 🇩🇴 and how their territorial tax system works? Thank you
Thank you for your comment! We will definitely consider covering this topic in one of our future videos.
Any time you buy a product, they collect 18 % taxes
.
You're always welcome to your second home, thanks for your investments in the country. Greetings from Bogota.
Thank you! Greetings from our team!
me too next year lol
Things are changing in Argentina... something to keep an eye on.
Thanks for the comment! What specific changes are you noticing in Argentina?
@@nomadcapitalist economy is slowly being de-regulated; meaning less bureaucracy and some taxes being removed. Things will drastically change when a tax called 'Country Tax' (Impuesto Pais) is removed, this will make flying, imports and exports much cheaper. And finally the 'Cepo Cambiario' should be removed when/if Trump gets elected. This will allow people to get access to the US$ legally and be able to make international wire transfers. If these two things happen I see a lot of opportunities for investing in Argentina.
Yes, now No coins and new denominations of Pesos will arrive shortly.
@@nomadcapitalist My comment got removed somehow. tldr; a bunch of de-regulations and tax removals will make Argentina an interesting place for investing in the near future.
@@modernclicsok with investment just don't gentrificate more the economy for actual locals because we have been suffering from irresponsible investment in the whole Latin America that just ruin the local businesses and rise the price of living for local salaries and stuck people in poverty in several regions
Thank you Nomad Capitalist🙏🏼💜🙏🏼
You are not relocating to Latin America to pay punitive taxes whether that is Brazil or Argentina.
Just some info : U dont have to pay income tax in Argentina if u earn a maximum amount of 1,77 million pesos a month. This is around 1900 dollars a month if u go by the official exchange rate. U can live like a king in Argentina of 1,77 million pesos a month. The president before Milei decided this ( 2023 ) to win votes for the upcoming election.
@@peterpeter8217 no taxes on the Argentina Digital Nomad Visa
I happened to check taxes on financial income in Brazil, and it is roughly 15%, which is much better than most European countries. And it is 15% on pretty much the base you are willing to declare.
Why to buy property in Latin America when you can rent beautiful places and stay for 6 month wish is allowed as a tourist ,but buying is very tricky,all you need someone change the game and you end up whether losing your investment
If there’s any unrest you can leave the country in moment notice ,
In Colombia it is hard for foreigners to get a long term rental. You need a crefitworthy local person to guarantee rent payments. You can rent Airbnbs but the cost is twice as high.
Very interesting that you did not mention Brazil? Is it that bad?
Brazil is the big stable--ish giant of Latam. Its not great. Their currency has been doing well recently against the dollar... But taxes are high compared to malaysia or dubai, and they are more complicated. Brazil has a strange political environment where everyone kinda hated on the last business friendly president, and then elected a Joe Biden... because he says a bunch of slogans about the environment and protecting it.
citizenship includes a portugese language test.
@@davidanalyst671The real is close to the weakest it's been in years. I think you should edit your comment.
@@ericreed4535 Yesterday it just hit over $5,75 (2 cents over the PEAK of the 2020 global pandemic), Brazil is OVER. 92% import tax.
I'm surprised by what you said about Bolivia.
The tax framework there is territorial with no management-based residency and no CFC rules. Also, if you are from Mercosul the residency is extremely easy with a fast path to citizenship with double citizenship allowed.
I am curious about why you think it is "the country with the least opportunities to for planting flags in all South America".
I've been seeing a lot of import export from Bolivia to Colombia or vice versa... One person I know in Bogota was making equipment for a hair company in Bolivia.
"Riesgo pais" is one of the worst in the region, only beaten by Venezuela. Also the govt is ultra-left wing and strongly supports Maduro's dictatorship.
@tthaylor Exactly, I thought the same that Bolivia was one of the more favorable locations in terms of taxes. Would be good to get some explanation on his comments.
As an Argentinian, I must say I feel disappointed and let down by my government. We are ONLY number 3 tax hell worldwide. How could they let this happen?
What a disgrace.. smh
La sociedad lo permitió, 6 millones en las calles por fútbol pero ninguno por los problemas del día a día.
Uruguay es persecuting homeschool families right now, despite being completely legal. That’s going to discourage many families from going there. I think Panama with complete education freedom is far better right now.
2nd Amendment
Brazil is actually kinda fine, dividend taxation is 0%, there are also a bunch of loopholes that you can use to pay less taxes. I pay basically no personal income tax here and my online business pays 8%
@@pepchristian that has changes. You pay 15% on dividends, 27% on personal income minimum.
@@pepchristian Brazil has the worst tax code in any sense. It's literally the number one in taxes.
@@Summersault666 You're mixing some things up. Treasury bonds are indeed taxed at 15%, but dividends (including those from stocks) are taxed at 0%. Personal income is taxed at up to 27.5% for employees. As a business owner, you can pay yourself a minimum wage and receive the rest of your profits with 0% tax.
@@pepchristian you will pay 15% on dividends now, and soon you will pay on loses too. In USA you are taxed on profit only. You can deduct expenses before tax and 401k code. Brazil has the worst tax code in the whole world by far! Your business will bankrupt soon.
Stay away from Brazil.
In Brazil there is no IVA yet.
The nost difficult is that you have multiple taxes. It is really difficult to calculate costs when importing products in the companies.
The tax are higher and confuse.
Don't know how did I end up in this video., but if you want another country citizenship you should pay their taxes. They should even charge taxes to digital nomads, if you come from another country with way more money than the locals, you are raising living prices for local people, the least you can do it is to pay taxes. If you want to invest in the country, that is a different story.
In Costa Rica it is easy to become part of a free-trade zone (even if you are in the Service area not only manufacturing)
There's WeWork offices (still active) and many corporate parks attracting Foreign investment.
Doesn't help the local businesses actually providing the country with critical services and products. Taxes here are absolute shit and genuinely make me want to bury the entirety of Aduanas and Hacienda.
not easy. The aversge person pays huge import and sales taxes, also car/road taxes.
Yeah, taxes here are brutal, with a ton of loopholes for politicians and their friends to pay exactly $0
I can only agree with that statement! I’m Brazilian living in Norway
I hate the tax regime here in Brazil
I used to passively watch this channel back when there were 300,000 subscribers give or take. Now that I have a Latina girlfriend in Mexico who I might marry, I'm extremely curious into obtaining Mexican citizenship and im watching this channel like a hawk. This channel focuses heavily on Latin America's, all of which are right up my alley. I'm born and raised San Diegan so of course we have Mexican ties
Marrying does NOT get you Mexican citenship, having kids does get you permanent residency. But if you have Mexican family (not your gf) there are ways to get citenship.
Latin America is often labeled a "tax hell" due to its complex tax systems, high evasion rates, and significant informal economies that undermine revenue collection. To improve finances, governments could simplify tax regulations, enhance enforcement measures, and broaden the tax base to ensure more comprehensive and equitable contributions from all economic sectors.
@@Jonathancolter7100 There are a lot of strategies to make tongue-wetting profit especially in this down market, but such sophisticated trades can only be carried out by proper market experts
which is the best country to retire to and live comfortably for the rest of one's life, where people have the right to property ownership and pay no tax on it? I would appreciate any info, please.
paraguay is the place, cheap and easy. not mention food...is all organic, you can tell is coming right from the fields
@@marcionero7412 thank you..
I would say Southern Brazil (ESPECIFICALLY). Cities like ''Ivoti - RS'', ''Santa Maria - RS'', ''Canela - RS''. Google them!
I am Brazilian and tired of paying taxes.
I am opening a company in Colorado to pay less taxes on a digital business.
There, the operation is cheaper and there is greater legal protection.
Don't just analyze the taxes paid.
There are places where the tax is very low due to 'tax subsidies,' but the production cost is very high, and you will face other types of problems.
In Brasil, of every R$1 that a company sends my way as remuneration, most is taken by the government.
First there's a payroll tax of just over 40% of the money destined to me. (People often say that the company pays this, not the employee; precisely what the government prefers that they think, but it's incorrect.)
Of the ~60% that remains, the government then takes 27,5% as income tax.
After which I use the crumbs left over to pay property taxes, vehicle taxes, and the taxes that the government levies on nearly every product and service.
How does this work? I thought that for temporary residents with work permits, it depends on the agreement with the company. They can cover your taxes (maybe social security) first until you become a permanent resident, after which you pay for both.
Everybody says you can't get citizenship in Panama but I am a naturalized Panamanian citizen. Was I extra lucky or something?
Maybe a bit lucky. They say it's doable, but doesnt always work.
You ate luck plus something else. Yes to both.
Well, as an argentinian I’m gonna tell you my history, I’m 23 yo and I have been evading taxes since I’m 19, I have a business that practically all transactions are in cash, that’s beautiful but the problem is I can’t own an apartment or an expensive car cause I have no way to prove where that money comes from.
But in a couple of years me and my fiancee are going to move to a tax haven in the caribbean, maybe barbados or bahamas
El Salvador, for many years, was a "Territorial Tax" system. For some reason, I think it was during the administration of Funes (who is now a "fugitive from justice" living in Nicaragua) they stopped out of that system. Word is they may be going back. Maybe at Nomad Capitalist Live, some of the government officials from that country in attendance can be pressed, or impressed about the importance of this topic!
I think it's misleading to say Uruguay gives you passport in 3 years. Anyone not born in Uruguay cannot have a functioning passport, they're something like a second class citizen and can't travel to all those countries visa-free and maybe can't fly at all
Can’t a naturalised citizen get an Uruguayan passport?
@@1queijocas Not, not the same as Uruguayan born nationals, your Uruguayan passport will have your country of birth as "Nationality", Uruguay is the only country in the world with this dumb thing.
"For naturalised legal citizens, the nationality of origin will still apply as Uruguayan nationality law currently doesn't give nationality to naturalised citizens, which may mean a visa may still required when travelling. This challenge appears to arise from a literal interpretation from the ICAO 9303 part 3 manual, which in its Spanish translation, uses the word nationality rather than the original English version which refers to citizenship in the case of the country code that applies in the machine readable zone. Paragraph 7.1 of ICAO 9303 part 3 notes that an error to avoid is "MRZ citizenship incorrectly reports the country of birth rather than citizenship.". Uruguay's national identity authority uses country of birth in lieu of nationality for naturalised citizens, leading to error responses on migratory and airline legal identity checks."
Paraguay actually zero tax for abroad revenues, and 10% for local revenues
If your business are online or remote you are pretty safe from taxes in Brazil cause it doesn't tracks foreign banks accounts, it only gets complicated when you try to bring too much money, manufacturing physical products, importing and others, if you open a business you have to hire an accountant so they will make all the tax work for you, most tax goes in the invocing so the client will end paying everyting, and your profit are safe if you receive in dividends 0% taxes in the us is 30% taxes in dividends for example, and you will only need to worry about attracting clients to sell at the end of the day which is the hardest part in any country.
This year may be worse. Last year I lost a lot of money due to poor investing decisions that I would not have made if I hadn't been so concerned about my portfolio. I wasn't sure whether to continue investing or make mortgage payments. After selling my investments, I realized that the house needed more work than I anticipated. I'm not sure how long I can keep going like this
Wot?!?!
_Hello. I am living in Peru, but not sure if it is tax-heaven or tax-hell. Do you have any data about this ? They have this regulation for MYPE ( micro y pequeña empresa), it means micro-enterpreneurs -> """"Impuesto a la renta depende del monto de ingresos que estés obteniendo (hasta 300 UIT o S/ 1,545,000.00 solo pagas el 1% de los ingresos netos mensuales, y si superas las 300 UIT o S/ 1,545,000.00 será el que resulte mayor de aplicar el coeficiente o 1.5%)""" this means we have to pay 1% income tax, if our income as an enterpeneur is $417k and 1.5% if income is over $417k . . . Could you help me to compare ?_
We can help with your tax questions! For personalized assistance, please go to: nomadcapitalist.com/apply/
I also moved to Peru a year ago and run a gym for me it is tax-heaven 😂compared to Belgium 😢😢😢
@@benimarchand4975 Un Gym Belge? dans quelle ville?
In Costa Rica, taxes are very simple. EVERYTHING has a tax. Our tax system may be competent, but we have sky-high prices on a lot of products due to taxing. This is specially bad for imported products, their prices double the second they enter CR...
Costa Rica has 50-100% import tax, 30% ish income tax, 30% corporate tax, 13% sales tax, large annual car tax. Big transaction fees for cars and houses. but, small RE taxes.
re tax?? is that rral estate?
@@rainbowodysseybyjonlion correct. There are only small municipal taxes and a small luxury tax for properties worth over 300k.
We may not be a "tax hell" due to how taxes are managed, but we are in the Top 5 for most expensive countries in Latin America, and easily the most expensive in Central America...
Here in Brazil we pay 47% import tax on below 50 dollar imports, and 92% for over 50$.
@@7upinthenite Wow! But you guys manufacture a lot of things like cars, clothes, buildib
ng materials, oil, etc right? We are such a small country and make almost nothing so most products are imported.
Here in Brazil, we pay a lot of taxes and receive practically nothing in return. Our finance minister Fernando Haddad wants to tax everything and everyone. He has been nicknamed Fernando "Taxad".
BS, Europe has lots of taxes as well. It is about management of those taxes. El Salvador burned billions with the crypto 20% drop. Argentina currency is 10 times worse. Every mining and oil company in LATAM is from Canada, US, and Europe. The profits all go to foreign countries, paying as little taxes as they can. Regular people are the ones who suffer.
Please can you clarify this point. Say I move to Paraguay from the EU and earn income from TH-cam channels, is this money taxable in Paraguay?
No, its not taxable, only income generated in paraguay is 10% taxable
@@MrProsreviews Thanks
I was waiting for Chile to be mentioned, the Sales Tax is 19% country wide (or long in this case), which can be a deterrent for many wanting to live there.
For those who wonder why Chile was not mentioned in this video, it is because it does not belong to Latin America as such. Chilean Spanish nobody understands Ciao !!!
Lol chilenos have a weird accent but they are very much latin america
in Brazil, we are starting to make memes against our economy ministry about all the taxes he is making us pay
I can’t believe they forgot to mention and expand on Brazil in this Tax hell list 😅 the largest country and one of the worse to do business in South America
I agree especially the cone
Chile Uruguay Argentina
High taxes
In the case of Chile you don't pay taxes on foreign income for the first 3 years so it's okayish if you only want to spend some time there.
@@TBasianeyes how you going to earn a foreign income if you are living in another country ?.
Commute via rocket ship every day ?
@@joebloe4374 1) have ownership of a foreign company
2) be employed by a foreign company, work remote or work in the local offices
3) be invested in a foreign company and get investment returns
4) own real estate in a foreign country and generate income
5) be retired and get retirement income from a foreign country
...
This video is not for people who plan to work in these countries. It's for high net worth individuals who are trying to optimize taxes by living abroad.
@@joebloe4374he means that if you live in Chile as a foreigner, you don’t pay any taxes on passive foreign income for the first 3 years. Then taxes shoot up.
What about Perù? You rarely mention it, in passing at best. There is a “Rentista” visa program there that I am considering. You can reside there & pay “0” taxes on income sourced outside Perù. However, to maintain Rentista status you must reside 6 mos +1 day minimum per yr to maintain Rentista status. You cannot work in Perù on Rentista status. Retirees enjoy perks (reduced mass transit cost as an example). Health care is reasonable cost with fast service. Peruvian cuisine is rate the top globally.
Beautiful country with incredibly diverse geography and gastronomy. It is not the best option if youre considering going "where your capital is treated best", many leave very frustrated. I would recommend doing a test run first
Good stuff
Andrew at one time, both Belize and Panama were hot countries for second passports. What happened to the Panamanian teak/citizenship track and Belize citizenship options?
andrew is talking about taxes, not second passports. A lot of investors have gone to panama and built it up really fancy, to the point that it doesn't look like any other LATAM country, so panama has been slowly taking advantage of that and raising taxes.
@@davidanalyst671 I've been to Panama several times and fully agree with what you're saying.
@@davidanalyst671it's normal they need to increase public investment in key areas like public education and health care system because the actual Panamanians need to develop it's county rather than be a text heaven for inmigrants that care cero if local people have needs or the country lives under poverty because while they enjoy their privilege
Brazil is the deepest tax hell in the continent. Not only taxes are high, they are also extremely complicated
The reason that most latin american countries are tax hell's is because the tax base is so small, a lot of economic activity is informal. Panama only has a 20% tax rate on domestic income and some buildings are tax exempt so no tax on rental income.
Yeah, as an interenational tourist, I do benefit from high tax countries lifestyle, yet do all my shopping at the airport dutyfree. For an investor, it's trickey. So you have to be aware of the issues.
In Brazil you have to discover how many tax you have to pay
Fernando Haddad(Brazil) is proof of this.
@@pedrorenatodepaula233 he should go to jail
He's the Nomad Capitaxist
isn't your Paolo Guedes literally tsoring millions overseas ? Haha you bolsonazistas are weird.
@@Cynicruss2 I hope so, taxation is theft. That's why whis channel is about, to avoid paying taxes by moving your money elsewhere. That's why you are here too ;-)
@@Summersault666 it's not theft to me because I don't create fiat nor do I live in a vacuum like a feudal lord. This channel is about reducing you tax burden and exercising your options. If you want to pay zero taxes there's always actual theft like crime. :)
What's the issue with Citizenship in Bolivia? Is it how hard it is to get, or is it the taxes once you get it?
Thank you for your question. In this video, we cover issues with Bolivian citizenship, including the lack of tax-friendliness: th-cam.com/video/IpAxrwDw90o/w-d-xo.htmlsi=B_Y5BmVbWsRKwrPy&t=292
For wealthy people reporting actual global income and assets, Colombia is tax hell too. The idea of not being there more than 6 months a year is good, but for most guys it is not sustainable. They fall in love with a local girl and end up wanting to stay the whole year or to bring her back to the US.
Agreed. Most guys arent even able to be a client of this guy who wont talk to ppl with less than 1 million . Life is short . Making all decisions based on $$ and living life in a constant pursuit of $ is a choice . Not all are materialistic. Most yeah , but some dgaf and prefer life .
Thailand is not territorial. It is residential.
great video
Glad you enjoyed it!
In Ecuador there is almost no taxes. My nightmare is starting a business in USA.
I remember that once if you wanted to pay for something like a game on Steam, Netflix or something that the government assumed was foreign currency, even if the price was local, you had to pay a little more than 100% taxes. Now is somewhere around 60%? but 100% + was horrible i used to joke that i buy a game for me and another for the government.
Panama is without doubt the most friendly when it comes to taxes. And, I don't know why you say getting a citizenship is hard, as I never met someone(other than venezuelans) being rejected. We like people that is interested and love our country. I live in a city near the frontier with CR, and I have met a lot of foreigners that became citizens and a lot of us here are second or third generation.
I was looking to invest in El salvador in an existing company and the lawyer told us that there is a tax of 10% on the partners, on the investement.
How about moving to Mexico ?
You can find more information on Mexico here: th-cam.com/video/oNf_qV6fstk/w-d-xo.html
How is it possible that you forget to mention the largest country of Latin America ? I did not hear the word "Brazil" even once.
Or didn't I pay enough attention ?
BTW... Suriname is listed as an "elsewhere" country, but actually it is just beside Brazil and Venezuela in Latin America.
He did say brazil early on.
Probably because you should stay away from here. Our vat will be the largest in the world at 28%. Lula is talking about placing a 40% inheritance tax on assets above 60,000 reais (10,500 USD). You will not have any physical or legal security, we have states that are governed by organized crime and the laws for companies change every month. Our debt is approaching record highs and the government has no intention of stopping spending. Furthermore, we have one of the most complex tax systems in the world and even experienced accountants are not sure about things. Don't come to Brazil, it's not worth it. The Brazilian population are slaves to politicians.
I still Do NOT understand the messican SAT... I´m like wtf, can t even start an easy business. And they be complaining about informal economy. ...
iphone in USA 1,000.00 US Dollar. Minimum wage 1,200 US Doll per month
iphone in Brazil 3,500.00 US Dollar. Minimum wage 230 US Doll per month
Empresa não paga imposto, quem paga é o consumidor, está embutido no preço. Da mesma forma quem paga salário, inss, irrf e fgts também é o consumidor. Para distribuir lucro, o resultado já foi tributado, mas se passar a ser ter uma alíquota, o preço das mercadorias vão aumentar, ou seja, o consumidor que paga.
O código tributário é enorme e complexo por um motivo, o que é difícil de entender, também é difícil de questionar.
Quanto de imposto pagamos realmente?
Quando somos mal atendidos pelos entes públicos, não temos a opção de usar nosso dinheiro de impostos em outro lugar.
Chile has a lot of taxes that are not named taxes. They usually name it something else like permits or stamps. Just as an example the municipality demands that you install a traffic light because you build something near. Thats a tax. Then you can only buy the light from a few choosen companies, that is another tax. Then you need to pay for the permit to break and install the light, so another two taxes. Then you need too pay those other two again two different days for some goverment agent to check the instalation and they wont come the same day.
You could do that all for 1/8 of the price just from buying the traffic light some place else and it would be a better one and less of a bitch to install and connect to the city.
In Dominican Republic you dont really pay taxes...... just on food. You can get a non-residential usa llc and work as an independent contractor