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A growing number of people have turned to the dream of a “digital nomad” lifestyle answering emails from the beach or the cloud forest as remote working goes mainstream during the pandemic. Costa Rica hopes to attract more of these workers through a bill that would grant year-long visas for qualifying digital nomads. If the bill is approved in the Legislative Assembly, remote workers could obtain a permit to stay for one year in Costa Rica, extendable for one additional year. They would also have the possibility of opening local bank accounts and could drive in Costa Rica using their country’s license, among other benefits. ....
“When I talked about this before the pandemic, people thought I was crazy . Now they tell me I was right after all,” said Arnaud Wilbrod, a French freelance editor who moved to the Estonian capital Tallinn after his home country went into lockdown. Wilbrod is just one of a surging number of people who, since the coronavirus pandemic struck, have turned to the dream of a “digital nomad” lifestyle answering emails from the beach or a picturesque town square as remote working goes mainstream. Once the preserve of freelancers, those with steady jobs are increasingly tempted to make the leap and some countries are eager to attract them even as Covid-19 has made jetting off to a destination office a far higher hurdle. ....
Among the law projects comprising Costa Rica’s agreement with the International Monetary Fund is the “Global Income Tax.” The project, worked under file No. 22.383, aims to unify the tax obligations for Costa Rica tax residents. Depending on the amount, higher earners would be taxed between 10 and 27.5%. More than 140 pages of confusing legalese, the project includes portions indicating that income earned abroad will be taxed if it’s brought into Costa Rica. The folks at Outlier Legal have summarized the bill and its implications for immigrants to Costa Rica (so-called “expats”). “For the most part, I think foreign nationals who reside in Costa Rica will not be affected by this law,” concludes attorney Rafael Valverde, explaining that most expats will be exempt by proving they “keep their fiscal residency abroad.” ....
2021 US tax updates and filing requirements for Americans in the Netherlands Facebook 2021 US tax updates and filing requirements for Americans in the Netherlands SHARES Facebook What s up Allyson Lindsey, Managing CPA and Partner at Bright!Tax, a leading provider of US expat tax services, tells us about US tax requirements for Americans living in the Netherlands in 2021. Living in the Netherlands as an American is most often both a charming and invigorating experience, thanks to the local people, customs, and culture. Americans in the Netherlands still have to file US taxes though, often as well as Dutch taxes, on their worldwide income. ....